...November 17, 2023 - Artera Services LLC, a provider of infrastructure solutions, faces heightened refinancing risk as its revolving credit and accounts receivable securitization facilities will become current in December 2023, hampering its liquidity. - Therefore, we revised our outlook to negative from stable and affirmed our '###+' issuer credit rating on the company. - We affirmed our '###+' issue-level ratings on its first-lien term loan, revolving line of credit, and senior secured notes. The recovery ratings remain '3', indicating our expectation for meaningful recovery (50%-70%; rounded estimate: 50%) in the event of a default. - We also affirmed our '###-' issue-level rating on the company's second-lien term loan. The '6' recovery rating indicates our expectation of negligible recovery (0%-10%; rounded estimate: 0%). - The negative outlook reflects its diminished liquidity position due to sustained cash flow deficits and upcoming debt maturities, which we believe heightens refinancing...