The ratings agency affirmed CODI and its parent company’s issuer credit rating at B-, while affirming the B+ rating on the company’s senior secured debt and the B- rating on the senior unsecured debt. The outlook remains negative. In Aug., CODI extended the maturity of its credit facility by six months, reducing the revolving commitment to $54 million from $100 million. Still, near-term financing risks remain elevated even after it sold most of its Sterno investment and entered into a sale-leaseback transaction involving some of Altor’s assets, S&P said. It must ... Log in to view full article.