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Published on 6/15/2020 in the Prospect News Bank Loan Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

S&P cuts Pyxus International

S&P said it downgraded Pyxus International Inc. and its issue-level ratings to D from CCC-. The recovery ratings remain unchanged.

The downgrade follows Pyxus’ announcement that it filed a prepackaged bankruptcy reorganization plan under Chapter 11.


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