We are assigning a preliminary 'B' corporate credit rating to U.S. enterprise software solutions provider Triple Point Technology Inc. We are also assigning a preliminary 'B+' issue rating with a preliminary recovery rating of '2' to the company's proposed $10 million senior secured revolving credit facility and $125 million term B loan. The stable outlook reflects our expectation for moderate but stable free cash flow generation and adequate liquidity, as well as for limited deleveraging over the next year. NEW YORK (Standard & Poor's) March 25, 2011--Standard & Poor's Ratings Services said today that it assigned a preliminary 'B' corporate credit rating to Westport, Conn.-based Triple Point Technology Inc., a U.S. provider of enterprise software solutions for trading and risk...
Companies mentioned in this report are: Triple Point Technology Inc.
Action: New Rating
Action: Outlook: Stable
Action: Preliminary Rating
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Research type: News
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