S&P Global Ratings today took the rating actions listed below. The downgrade reflects the increased leverage, to about 4.5x over the next 12 months from about 2.7x, and S&P Global Ratings' expectation that aggressive financial policy decisions from the new ownership could increase leverage further.
According to a press release, the Restoration Industry Association (RIA) presented its highest individual industry honor, the Martin L. King Award, to Larry Holder, CR, of BELFOR USA.
The Property Industry Conference will be held on Sunday, March 17 in Boston, at the Hilton Boston Back Bay from 11:30 a.m. to 4:15 p.m., - right before the PLRB/LIRB Conference, according to a press release.