S&P: IntraLinks outlook stable

Standard & Poor's said it revised its outlook on IntraLinks Inc. to stable from negative and affirmed its corporate credit rating at B, the senior secured bank facility at B+ with a recovery rating of 2 and the second-lien term loan at CCC+ with a recovery rating of 6.

The agency said the outlook revision reflects the company's stable operating performance despite challenging macroeconomic conditions in two of its key target markets: debt capital markets and mergers and acquisitions. The company's recurring revenue base as well as expansion into new markets helped to sustain top-line performance in 2008, S&P said, and a flexible cost structure contributed to modest year-over-year improvement in EBITDA.

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