S&P: Triple Point view negative

Standard & Poor's said it revised its outlook on Triple Point Group Holdings Inc. to negative from stable and affirmed the B corporate credit rating.

"The outlook revision reflects our view of Triple Point's steep year-to-date decline in license sales," S&P credit analyst Christian Frank said in a news release.

The rating on Triple Point reflects the agency's view of the company's "highly leveraged" financial risk profile and "weak" business risk profile with relatively low recurring maintenance and subscription revenue, a concentrated customer base and a narrow market focus.

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