Fitch affirms West Corp.

Fitch said it affirmed West Corp.’s long-term issuer default rating at B+/stable.

Fitch also affirmed West's senior secured credit facility at BB+ and senior unsecured notes at B-.

“West's ratings benefit from the company's leading market position in Unified Communications as a Service (UCaaS), high recurring revenue, diverse client base with low customer concentration and long-standing relationships and strong FCF generation,” Fitch said in a news release.

“The ratings are limited by increased leverage following Apollo buy-out, and declining revenue and operating margins in UC segment as revenue mix evolves from traditional to cloud-based UCaaS offerings.”

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