S&P revises CryoLife view to stable

S&P said it revised the outlook for CryoLife Inc. to stable from positive and affirmed its ratings.

“The stable outlook reflects our expectations that the company's leverage ratio will likely be sustained in 4x-5x range and FOCF-to-debt ratio will remain between 2% and 7% in 2020-2021 as the company continues to grow organically and through tuck-in acquisitions,” said S&P in a press release.

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