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S&P affirms Advanced Integration
S&P said it affirmed all of its ratings on Advanced Integration Technology LP, including the BB- corporate credit rating.
The outlook is negative.
The agency said the affirmation reflects that, although the company's debt-to-EBITDA remains weaker than expected, the company’s revenue and earnings are beginning to show signs of improvement.
“We believe this improvement will reduce the company's leverage to a more appropriate level for the current rating over the next 12 months,” S&P said in a news release.
“However, there is some uncertainty as to the pace and extent of this expected improvement in the company's credit metrics.”
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