S&P Global Ratings affirmed its B issuer credit rating on USF Holdings LLC and its B+ issue-level rating on the company's existing term loan B.
The rating agency changed its outlook on USF Holdings to negative from stable, seeing rising refinancing risks on the company's term loan B, which matures in December 2021. The revised outlook reflects USF Holdings' increased refinancing risk and the ongoing tight covenant headroom.
This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.