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B+

Review of Progressive Waste Solutions

JAN 21, 2016 - Non-hazardous solid waste disposal company merging with Waste Connections. The deal, while at a low premium, looks good for long-term investors who want to hold on. However, with higher valuations and a good reception by markets of the news already, along with integration risks, we have downgraded the rating one notch to 'B+' and are dropping coverage due to the merger.

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