Moody's could cut Clean Harbors

Moody's Investors Service said it placed the Ba2 corporate family and probability of default ratings of Clean Harbors, Inc. on review for downgrade and affirmed the B1 corporate family and probability of default ratings with stable outlook of Safety-Kleen Systems, Inc.

Moody's said the actions follow Clean Harbors' announced plans to acquire Safety-Kleen in a predominantly debt funded transaction valued at about $1.25 billion.

The SGL-2 speculative grade liquidity rating of Clean Harbors is unaffected at this time.

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