Following closures from March to May, all of the Aspen Dental branded practices that ADMI Corp. supports have now resumed providing elective dental procedures. While ADMI's business was significantly affected by the pandemic in the second quarter due to the temporary practice closures, it's begun to recover since April, reporting revenues close to 2019 levels in June. At the same time, we believe ADMI will maintain adequate liquidity as evidenced by its ability to reduce variable costs. The company had full access to its revolver as of June 30, 2020. Therefore we are affirming the 'B' rating on ADMI and removing it from CreditWatch negative. Our negative outlook reflects our view that the dental industry remains susceptible to the risk
