S&P: Corporate Executive view positive

Standard & Poor's said it affirmed its BB- corporate credit rating on Corporate Executive Board Co. (CEB) and revised the outlook to positive from stable.

"The outlook revision reflects the potential for an upgrade over the coming 12 months if the company's organic revenue and EBITDA continue to grow, its operating performance remains strong, and its credit measures continue to improve," S&P credit analyst Elton Cerda said in a news release.

"We now assess CEB's financial risk profile as 'significant' rather than 'aggressive' based on our expectation that debt leverage will stay between 3x to 4x over the intermediate term as positive revenue and EBITDA trends offset dividend increases and an active share repurchase program."

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