Research Update: Ipreo Holdings LLC Upgraded To 'B+' On Lower Leverage; Outlook Stable Feb 13
- ID: 2404005
- February 2013
- Standard & Poors
U.S. financial services software provider Ipreo Holdings LLC's operating performance has continued to be strong and leverage has come down, both of which we expect are sustainable trends. Ipreo recently announced the acquisition of DebtDomain, expanding the company's reach into leveraged loans. We are raising our corporate credit rating on the company to 'B+' from 'B'. The rating outlook is stable. The stable outlook reflects our view that the company will continue to grow EBITDA and market share, and that leverage will remain below 5.5x. On Feb. 11, 2013, Standard & Poor's Ratings Services raised its corporate credit rating on New York-based financial services software provider Ipreo Holdings LLC to 'B+' from 'B'. The outlook is stable. At the same...
Companies mentioned in this report are:
- Ipreo Holdings LLC
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Product Type: Research Update
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