S&P global ratings changes and outlook S&P Revises Outlook on Secure Energy Services to Stable From Positive
10:54 AM EDT, 03/14/2023 (MT Newswires) -- S&P Global Ratings said Monday that it has revised the outlook on Secure Energy Services Inc. (SES.TO) to stable from positive and affirmed its B issuer credit rating.
Also, the rating agency affirmed the BB- issue-level rating on the company's senior secured second-lien notes. S&P raised the issue-level rating on the company's senior unsecured notes to B+ from B.
The stable outlook reflects the agency's view that the company will maintain leverage measures commensurate with the agency's current rating.
The rating action comes after Secure Energy Services said that the Competition Tribunal had ordered the sale of about 30% of total consolidated facilities in connection with the company's merger with Tervita Corp.
The company's shares rose 1.8% on last look on Tuesday.
Price: 6.72, Change: +0.15, Percent Change: +2.28