(The following statement was released by the rating agency) Sept 22 - Standard & Poor's Ratings Services today said it has revised its outlook on FleetPride Corp. to negative from stable and affirmed its 'B' corporate credit rating and other ratings. The outlook revision reflects rising leverage that exceeds our expectations for the rating. "The increased leverage has been caused by declines in adjusted EBITDA and rising debt," said Standard & Poor's credit analyst Lawrence ...
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