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.
As a woman who owns and operates a full-service restoration business, I'm glad to see that old perceptions are beginning to change. Every woman in our industry can share that same sense of satisfaction. We know we're making a difference as both leaders and women in our field.
Whether you are operating with a fleet of two thousand vehicles or just two vans and a flatbed truck, maintaining a fleet is a difficult but rewarding job involving micromanaging, constant vigilance, and maintenance.
San Fratello brings more than 30 years of experience with leading large cap consumer firms, middle market business services firms, and start-up ventures.