- Published: May 2012
- Region: United States
Research Update: Prometric Inc. 'BB-' Rating Placed On CreditWatch Positive
- Published: May 2011
- Standard & Poors
We expect modestly positive growth trends to continue strengthening credit metrics for the Baltimore-based computer testing service provider Prometric Inc. in 2011, driven by higher testing volumes and some operating efficiencies. We are placing our 'BB-' corporate credit rating for Prometric on CreditWatch with positive implications. The CreditWatch listing reflects the potential for an upgrade over the near-term if we become convinced that the company will be able to maintain its currently low debt leverage. On May 13, 2011, Standard & Poor's Ratings Services placed its ratings on Baltimore, Md.-based Prometric Inc., including the 'BB-' corporate credit rating, on CreditWatch with positive implications. Total debt outstanding was $187 million as of March 31, 2011. The CreditWatch placement follows the company's...
Companies mentioned in this report are: Prometric Inc.
Action: On CreditWatch:Positive
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 and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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