Summary: Go Daddy Operating Co. LLC Jan 13
- ID: 2387265
- January 2013
- Standard & Poors
The rating and outlook on Scottsdale, Ariz.-based Go Daddy Operating Co. LLC reflect Standard & Poor's Ratings Services' expectation that Go Daddy will remain highly leveraged (above 10x) for the next several years, generate positive discretionary cash flow, and reduce debt, absent a leveraging transaction. We expect debt leverage to decline, consistent with our expectation of EBITDA growth, and that Go Daddy will use positive discretionary cash flow in part to repay debt. We assess Go Daddy's business risk profile as "weak" because its EBITDA margin is lower than its peers' and because of keen competition in the Web services market for small and midsize business spending. We view the financial risk profile as "highly leveraged" based on Go Daddy's...
Companies mentioned in this report are:
- Go Daddy Operating Co. LLC
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