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Research Update: SS&C Technologies Inc. Corporate Credit Rating Raised To 'BB' On Improving Operating Performance And Reduced Leverage Apr 11 Product Image

Research Update: SS&C Technologies Inc. Corporate Credit Rating Raised To 'BB' On Improving Operating Performance And Reduced Leverage Apr 11

  • Published: April 2011
  • Standard & Poors

FEATURED COMPANIES

Abstract
U.S. financial software provider SS&C has improved its credit profile through good operating performance, a successful acquisition strategy, and debt repayments since the IPO in 2010, reducing leverage to about 1.8x on a pro forma basis. We are raising our corporate credit rating on SS&C to 'BB' from 'BB-'. The stable outlook reflects our expectation that SS&C will continue to generate consistent growth and free operating cash flow while maintaining leverage at or below 3x. On April 29, 2011, Standard & Poor's Ratings Services raised its corporate credit rating on Windsor, Conn.-based financial software provider SS&C Technologies Inc. to 'BB' from 'BB-'. The outlook is stable. At the same time, we raised the issue-level rating on the company's first-lien facility...

Companies mentioned in this report are:
- SS&C Technologies Inc.

Action: Upgraded

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings READ MORE >

- SS&C Technologies Inc.

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