S&P trims Aramark

S&P said it lowered the issuer credit rating on Aramark to BB from BB+ and the company's senior unsecured notes to BB- from BB.

The BBB- rating on the senior secured bank credit facility is unchanged.

All of the ratings on the company have been placed on CreditWatch with negative implications.

“U.S.-based food concession and uniform services provider Aramark faces dual threats from coronavirus (the virus that causes Covid-19) and the potential for a protracted economic downturn,” S&P said in a news release.

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