Moody's: Colt outlook positive

Moody's Investors Service said it changed the outlook for the Ba3 corporate family and probability-of-default ratings of Colt Group SA to positive from stable.

The outlook change is based on the consistent year-on-year growth in Colt's EBITDA margin, its commitment and progress toward growing its high-margin data and managed services business, and its comfortable liquidity profile, according to the agency.

The positive outlook further reflects expectation that the company will maintain its leverage solidly below 2.5x debt to EBITDA over the medium term and remain focused on free cash flow generation as it continues to invest in the business, the agency noted.

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