NEW YORK (S&P Global Ratings) July 28, 2020--S&P Global Ratings today said that Lincolnshire, Ill.-based human capital management solutions provider Alight Solutions LLC's (B/Negative/--) proposed $272 million reduction of its term loan, using the full proceeds from its recent senior notes add-on, and the maturity extensions of its revolving credit facility to May 2024 and term loan to October 2026 are credit neutral. Our ratings on Alight are unaffected. This includes our 'B' issue-level rating and '3' recovery rating on its first-lien credit facility and 'CCC+' issue-level rating and '6' recovery rating on its senior unsecured notes. Our negative outlook reflects the risk of a prolonged period of business disruption resulting from the COVID-19 pandemic and global recession that continues
