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Prospect News home > News index > List of issuers Q > Headlines for QBS Parent, Inc. > News item |
Fitch alters QBS Parent view to negative
Fitch Ratings said it revised the outlook to negative from stable and affirmed the long-term issuer default rating for QBS Parent, Inc. (Quorum) at B.
Fitch also affirmed the BB-/RR2 rating for Quorum's $35 million first-lien secured revolver and $359 million first-lien secured term loan. The $125 million second-lien secured term loan is not being rated.
“Fitch expects the economic impact from coronavirus contributing to recent volatility in the energy industry to impact Quorum's customer base, particularly in the upstream energy industry despite the mission criticality of its products,” said the agency in a press release.
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