...- Stay-at-home mandates and a surge in sanitization procedures owing to the COVID-19 pandemic have increased consumption of household disinfectant and cleaning products. These unanticipated trends, combined with ongoing cost-efficiency measures, are expected to benefit Concord, Ont.-based Kronos Acquisition Holdings Inc.'s fiscal 2020 operating performance. - In addition, we expect Kronos to use the proceeds from the sale of its personal care business to repay debt, thereby aiding deleveraging and improving free cash flow. - As a result, on July 21, 2020, S&P Global Ratings raised its issuer credit rating on Kronos to 'B-' from '###+'. - At the same time, we raised our issue-level rating on the company's senior secured term loan to 'B-' from '###+' and our ratings on Kronos' unsecured notes to '###' from '###-'. The recovery ratings on the loan and notes are unchanged at '3' and '6', respectively. - The stable outlook reflects our expectation that Kronos will sustain adjusted debt-to-EBITDA...
