S&P threatens to cut Brenntag

Brenntag, the German chemical distribution portfolio company owned by private equity firm Bain Capital, is close to having its credit rating cut by rating agency Standard & Poor's on concerns over a planned €3.25bn ($4.1bn) secondary buyout by BC Partners.

The agency has put the long term rating on negative outlook, which means the company could be on the verge of being downgraded.

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