...NEW YORK (S&P Global Ratings) Dec. 16, 2016--S&P Global Ratings said today that it has reviewed several of its recovery and issue-level ratings in the U.S. technology services sector for speculative-grade corporate issuers that were labeled as "under criteria observation" (UCO) after publishing its revised recovery ratings criteria on Dec. 7, 2016. With our criteria review complete, we are removing the UCO designation from these ratings and are revising issue-level and recovery ratings as appropriate. We are revising the issue-level ratings on 10 rated debt issues, reflecting seven upgrades and three downgrades. In all but one case, the revision to the issue-level rating resulted from a revision to the recovery rating on the debt instrument. In one case, the recovery rating on the secured debt is unchanged and the issue-level revision results because we now cap issue-ratings at '###-' for issuers rated '##' and '##+', regardless of our recovery ratings. This change deemphasizes the weight...
