...May 20, 2019 - Gas and electric infrastructure maintenance and service provider PowerTeam Services LLC's credit measures have deteriorated, including weaker-than-expected profitability margins and negative cash flow generation. - We lowered our issuer-credit rating on the company to 'B-' from 'B'. The outlook is negative. - At the same time, we lowered our issue-level ratings on the company's $60 million revolver and $595 million first-lien term loan to 'B-' from 'B'. - We also lowered our issue-level rating on the company's $135 million second-lien term loan to '###' from '###+'. - The negative outlook reflects our expectation that over the next 12 months, the company will be challenged to generate positive free cash flow as it undertakes restructuring efforts and cost-cutting initiatives in its electric segment and services its increased debt. NEW YORK (S&P Global Ratings) May 20, 2019--S&P Global Ratings today took the above listed rating actions. The rating actions reflect the continued...
