S&P: Verint on positive watch

Standard & Poor’s said it placed the BB- corporate credit rating on Verint Systems Inc. on CreditWatch with positive implications.

S&P also said it placed its debt ratings on CreditWatch positive.

The agency said it expect to raise the ratings following the close of the transaction and are likely to revise the company’s intermediate financial risk profile from significant, reflecting reduced leverage.

The company has an improved business mix and broader product mix, aided by the early 2014 KANA Software and UTX acquisitions, S&P said, as well as a predictable and growing revenue base stemming from high renewal rates.

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