S&P revises Falcon Group view to stable

S&P said it revised the outlook for Falcon Group Holdings (Cayman) Ltd. to stable from positive and affirmed the BB- rating.

The company recently closed on a secured term loan facility, which the agency said will help Falcon with its revised strategy.

“Our stable outlook on Falcon reflects our expectation that the company will continue to pursue its recalibrated strategy in the currently difficult global environment. We expect Falcon to maintain its balance sheet leverage and debt-servicing metrics during the next 12 months,” S&P said in a press release.

© 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.