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Published on 10/15/2009 in the Prospect News Bank Loan Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

S&P cuts Quality Distribution to SD

Standard & Poor's said it lowered the long-term corporate credit rating on Quality Distribution Inc. to SD from CC and on subsidiary Quality Distribution LLC's senior unsecured and subordinated debt issues to D from C.

The actions follow the company's announcement that its exchange and tender offers have expired, according to the agency.


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