S&P lifts Maxim Crane view to stable

S&P said it revised Maxim Crane Works’ outlook to stable from negative and affirmed the B- ratings on the company and its second-lien notes. The notes’ 4 recovery rating is unchanged.

“We anticipate demand for Maxim's services to improve along with the macroeconomic environment. After difficult macroeconomic conditions in 2020, we expect demand for the company's equipment to increase moderately in 2021, though we forecast nonresidential construction levels to remain flat in 2021,” S&P said in a press release.

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