German waste management firm ALBA Group plc&Co. KG faces liquidity constraints over the next two-to-three years from upcoming debt amortizations, working capital needs, and the risk of making payouts to minority shareholders of ALBA SE. We understand the group is currently negotiating a financing solution to address the various liquidity challenges it faces over the medium term. We are therefore maintaining our 'B' rating on ALBA Group on CreditWatch negative. We expect to resolve the CreditWatch in the next three months after reviewing the financing plan the group puts in place to address the upcoming liquidity needs. On March 5, 2015, Standard&Poor's Ratings Services kept the following ratings on CreditWatch with negative implications: Our 'B' long-term
