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S&P ups HMSC view to stable
Standard & Poor's said it revised its outlook on HMSC Corp. to stable from negative. At the same time, S&P affirmed its B- long-term counterparty credit rating and first-lien senior secured debt rating and its CCC second-lien senior secured debt rating.
"We revised the outlook to stable because HMSC Corp. has met our performance and debt-servicing expectations despite continued challenging market condition and not being granted 'preferred wholesaler' status with its largest customer, Aon Corp.," S&P credit analyst Polina Chernyak said in a news release.
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