...S&P Global Ratings expects earnings at WIN Waste Innovations Holdings Inc. will be weaker in 2023, than previously anticipated reflecting in twelve-month financials the ongoing impact of recent challenges. These have includedunexpected plant downtimes in the second half of 2022, inflationary pressures, commodity price volatility, lower volumes in some operations, and one-time expenses. - Our anticipated volatility in first-half 2023 earnings extends a period in which earnings have been unpredictable. This creates uncertainty about our previous 2023 and 2024 earnings estimates, which we have now revised downward. In addition, we think debt leverage will increase in 2023 and approach double-digit levels following an rise in debt in first-quarter 2023, and given prospects for further increases to fund cash flow shortfalls. - We lowered our issuer credit rating on the company to '###+' from 'B'. The outlook is negative. At the same time, we lowered our rating on the company's senior secured...
