Research Update: Internet Security Services Company AVG Technologies Upgraded To 'BB-' Following Meaningful Deleveraging; Outlook Stable Dec 12
- Language: English
- Published: December 2012
Czech Internet security services provider AVG Technologies N.V. (AVG) recently completed an IPO, which we believe has improved its capital structure. In addition, fast-growing revenues in the company's platform division are driving a continued improvement in operating performance. We are therefore revising our outlook on AVG to positive from stable and affirming our 'B+' long-term corporate credit and issue ratings on the company. The positive outlook reflects the possibility that we could raise our long-term rating on AVG by one notch over the next 12 months if the company continues to improve its operating performance while maintaining limited leverage. LONDON (Standard & Poor's) March 5, 2012--Standard & Poor's Ratings Services said today that it revised its outlook on Czech Republic-based...
Companies mentioned in this report are: AVG Technologies N.V.
Action: Outlook: Positive
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Research type: News
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AVG Technologies N.V.