...August 24, 2022 - Artera Services LLC's, leverage remains elevated, and we believe the inflationary headwinds could impair the company's ability to improve profitability this year. - We lowered our issuer credit rating on Artera to '###+' from 'B-'. The outlook is stable. - We lowered our issue-level ratings on the company's first-lien term loan, revolving line of credit, and senior secured notes to '###+' from 'B-'. The recovery ratings remain '3', indicating our expectation of meaningful (50%-70%; rounded estimate: 50%) recovery in the event of a default. - We lowered the issue-level rating on the company's second-lien term loan to '###-' from '###'. The '6' recovery rating indicates our expectation of negligible (0%-10%; rounded estimate: 0%) recovery in the event of a default. - The stable outlook reflects our view of sufficient liquidity for debt repayment and capital spending over the next 12 months. TORONTO (S&P Global Ratings) Aug. 24, 2022--S&P Global Ratings today took the above...
