We are affirming our 'B+' corporate credit and issue-level ratings on Granite Acquisition Inc. The rating reflects our belief that the company will continue to maintain its performance and we expect the metrics to improve over the next two to three years as the company's U.K. projects begin to contribute to EBITDA. The stable outlook on Granite reflects our view the company will be able to fully meet its debt obligations and progress on development of new facilities over the next 18 months. On June 27, 2018, S&P Global Ratings affirmed its 'B+' corporate credit rating on Granite Acquisition Inc. The outlook is stable. We also affirmed our 'B+' issue-level rating on Granite Acquisition's $1.25 billion first-lien term B loan
