NEW YORK (Standard&Poor's) Nov. 24, 2014--Standard&Poor's Ratings Services said today it revised the recovery rating on U.S.-based utility maintenance and infrastructure services provider PowerTeam Services LLC's senior secured first-lien credit facilities to '2' from '3'. At the same time, we raised the issue-level ratings on the company's first-lien credit facilities to 'B+' from 'B', one notch above our 'B' corporate credit rating on the company. The company's first-lien credit facilities include a $60 million revolving credit facility due 2018 and $421 million in term loans due 2020. The '2' recovery rating indicates our expectation of substantial (70%-90%) recovery in the event of a payment default. We revised the recovery rating based on a moderate improvement in
