Research Update: S&PCORRECT: Blue Coat Systems Inc. Assigned Preliminary 'B+' Corporate Credit Rating; Revolver Rated 'BB-' (Prelim) Jan 12
- Language: English
- Published: January 2012
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
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.