S&P Lowers Nine Energy Services to CCC- Citing Eroding Liquidity and Interest-Coverage Gap
S&P Global Ratings cut Nine Energy Services Inc.'s credit rating to 'CCC-' from 'CCC+' and assigned a negative outlook after concluding the company's liquidity will likely be insufficient to cover interest obligations in 2026. Forecasts show reported EBITDA of $30 million versus roughly $45 million in annual interest expense, while available liquid…