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Prospect News home > News index > List of issuers K > Headlines for KC Culinarte Holdings LP > News item |
S&P cuts KC Culinarte
S&P said it lowered the ratings for KC Culinarte Holdings LP and its first-lien facility to CCC+ from B-. The 3 recovery rating is unchanged.
“Our downgrade reflects our view that the company's capital structure is unsustainable due to recent major foodservice disruption stemming from Covid-19 in the U.S.,” said S&P in a press release.
The outlook is negative.
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