S&P changes Quality Distribution view to negative

S&P said it revised the outlook for Quality Distribution Inc. to negative from stable.

“The negative outlook on Quality Distribution reflects our expectation for continued elevated debt leverage in 2020, in part due to the impact of Covid-19, particularly within the company’s chemical segment,” S&P said in a press release.

The agency affirmed the B- ratings on the company and its first-lien term loan and CCC rating on its second-lien term loan.

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