S&P: Lindblad to negative

S&P said it revised the outlook on Lindblad Expeditions Holdings Inc. to negative from stable and affirmed all of the ratings, including its BB- corporate credit rating.

The outlook revision reflects a forecast for adjusted leverage to increase to about 4x in 2017, the downgrade threshold for Lindblad, S&P said.

This was compared with a previous forecast for leverage to be in the mid- to high-3x range, the agency said.

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