The buyout of founder Don Daseke by flatbed operator Daseke Inc. has led S&P Global Ratings to shift its outlook on the company to “negative.”
The action by S&P Global Ratings (NYSE: SPGI) does not change the company’s actual debt rating, which was upgraded to B+ from B in August. However, a shift to a negative outlook from an upgrade in just four months is unusual.
But S&P analyst Geoffrey Wilson said the revised outlook to negative from stable has less to do with any change in S&P’s view of...