S&P cuts BMC Acquisition

S&P said it downgraded the ratings for BMC Acquisition Inc. and its first-lien credit facility to B- from B. Cash flow generation and liquidity at BMC has been below S&P’s expectations, and the company had less than $10 million of available liquidity at Sept. 30.

“The downgrade reflects the company's weak liquidity position and our expectation for heightened liquidity stress absent a corporate action that improves the company's liquidity profile,” said S&P in a press release.

The outlook is stable.

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