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Moody’s shifts IHS view to positive
Moody's Investors Service said it revised to positive from stable the outlook for IHS Markit Ltd. The agency also affirmed the company’s corporate family rating at Ba1, probability of default rating at Ba1-PD and senior unsecured at Ba1. The speculative grade liquidity rating is SGL-1.
“Given its global scope, diverse products and attractive profitability and free cash flow profile, IHS Markit debt could be assigned investment-grade ratings if we expect the company can maintain mid-single-digit revenue growth while operating with balanced financial strategies,” said Edmond DeForest, a Moody's vice president and senior credit officer, in a press release.
The positive outlook reflects Moody's anticipation of fewer and smaller acquisitions, debt to EBITDA declining toward 3 times, some profitability rate expansion and sustained mid-single-digit revenue growth.
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