S&P: RiskMetrics view positive

Standard & Poor's said it revised the outlook on RiskMetrics Group Holdings LLC to positive from stable as a result of favorable operating trends and improved debt leverage.

The B+ corporate credit rating was affirmed.

The rating reflects RiskMetrics Group's narrow business profile, short operating track record at its current revenue and profitability levels, and high leverage, S&P said.

These factors are offset partially by favorable business segment growth and a predictable and recurring revenue stream stemming from high renewal rates and subscription-based revenue, the agency said.

As of March 31, the issuer's operating lease-adjusted debt-to-EBITDA ratio was 3.8 times, down from 7.7 times in December 2006.

© 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.