...- Nuclear decommissioning and commercial building deconstruction services provider NorthStar Group Services Inc. issued a nonfungible incremental term loan to help fund its acquisition of Cincinnati-headquartered Trans Ash Inc., a coal combustion residuals (CCR) remediation provider. - We affirmed our 'B' long-term issuer credit rating on NorthStar Group Services Inc. - We raised our rating on the senior secured debt to 'B+' from 'B'. - We revised our recovery ratings on the senior secured debt to '2' from '3'. A recovery rating of '2' denotes an expectation for substantial (70%-90%) recovery in the event of default. - We assigned our 'B+' issue-level and '2' recovery rating to the $100 million senior secured incremental term loan. - The stable outlook reflects our view that NorthStar's healthy backlog of projects and satisfactory operational execution will overcome any risks related to macroeconomic recession, enabling the company to keep its credit measures at appropriate levels for the...
