S&P cuts High Liner Foods view to negative

S&P said it revised its outlook on High Liner Foods Inc. to negative from stable.

At the same time, S&P affirmed its B+ long-term corporate credit rating on the company and its B+ issue-level rating, with a 4 recovery rating, on the company's senior secured term loan. The 4 recovery rating reflects average (30%-50%; rounded estimate 45%) recovery in default.

The negative outlook reflects the company's underperformance and weaker credit metrics in 2017, S&P said in a news release.

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