Engineered Machinery Holdings Inc. is the borrowing entity containing the financials and debt of Duravant LLC. We assigned our 'B-' issuer credit rating to Engineered Machinery. At the same time, we lowered our issue-level ratings on Engineered Machinery's first-lien facility to 'B-' from 'B' and on its second-lien term loan to 'CCC' from 'CCC+'. The stable outlook reflects our belief that Engineered Machinery's credit measures will support our current rating on the company during the next year. On Aug. 29, 2018, S&P Global Ratings assigned its 'B-' issuer credit rating to Engineered Machinery Holdings, Inc. The outlook is stable. At the same time, we lowered our issue-level rating on the company's first-lien facility to 'B-' from 'B'. The '3' recovery
