Moody’s Investors Services Maintains “Positive Outlook” for Clean Harbors

New York, — Moody’s Investors Service maintains a positive outlook following the company’s announcement that it entered an agreement to acquire Peak Energy Services Ltd. (“Peak”).

Moody’s stated that in addition to the Peak acquisition, Clear Harbors is finalizing its acquisition of Badger Daylighting Ltd (“Badger”). The two transactions will contribute to the company’s increasingly competitive position in the industrial/environmental services sector. The maintenance of the positive rating outlook reflects Moody’s view that Clear Harbors will maintain a solid foundation to achieve cross-sell synergies that could raise margins, sustain low leverage and deliver steady cash flows.

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