S&P shifts WCA Waste view to negative

S&P said it revised the outlook on WCA Waste Corp. to negative from stable.

“The negative outlook reflects the one-in-three potential for lower ratings during the next year. This is predicated on the scenario that macroeconomic headwinds persist and that management’s cost actions are not sufficient to offset lower solid waste volumes. Such a scenario could lead to WCA’s adjusted debt to EBITDA rising to approach 6x and staying there permanently,” said S&P in a press release.

The agency affirmed its ratings on WCA and its debt issues.

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