S&P revises Advanced Integration view

S&P said it revised its outlook on Advanced Integration Technology LP to negative from stable and affirmed its BB- corporate credit rating.

The agency said the negative outlook reflects concerns surrounding the pace and magnitude of the improvement in the company’s credit metrics over the next 12 months.

“Although we expect the company's metrics to improve in 2018, as previously delayed programs ramp up and management progresses on integrating acquired businesses, we remain concerned that additional challenges could occur or that existing problems may take longer to fix,” S&P said in a news release.

The company’s debt-to-EBITDA is expected to be above 5.5x in 2017, up from 3.7x in 2016.

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