S&P changes Awaze view to negative

S&P said it revised its outlook for Awaze Group to negative from stable.

The agency said it now sees negative free operating cash flows.

S&P affirmed Awaze’s B long-term issuer credit rating, the B+ issue rating and 2 recovery rating on the company's €105 million revolver and €585 million first-lien term loan B. It also affirmed the CCC+ issue rating and 6 recovery rating on Awaze’s €167 million second-lien loan.

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