-- U.S. early childhood education provider Knowledge Universe Education's
(KUE) performance has been weaker than we had previously expected.
-- We are lowering our corporate credit rating on KUE to 'CCC' from 'B-'
and removing the ratings from CreditWatch with negative implications. The
outlook is negative.
-- The negative outlook reflects our concern that the company's cash
balances will continue to dwindle and that it may need another amendment to
its credit facili
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