S&P ups Go Daddy Operating

S&P said it upgraded Go Daddy Operating Co. LLC to BB from BB- on the expectation the company will continue its strong generation of cash flow.

The agency also raised the ratings on the first-lien debt to BB from BB- and on the senior unsecured notes to BB- from B+.

The outlook is stable.

“The stable outlook reflects our view that GoDaddy will deliver revenue growth in the low teens and free cash flow of about $500 million over the coming year,” S&P said in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.