S&P changes ALM Media view

S&P said it revised its outlook on ALM Media LLC to negative from stable.

At the same time, the agency affirmed all ratings on the company, including the B- corporate credit rating.

S&P said the rating and outlook reflect a view that historically weak operating performance and forecasted high leverage in the mid-6x area in 2018 could inhibit ALM's ability to refinance its capital structure before maturity in 2020.

“Revenue growth and EBITDA generation have been lower than expected over the past 12 months due to challenged end-market volumes and pricing pressures,” the agency said in a news release.

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