S&P: Acxiom outlook stable

Standard & Poor's said it revised the outlook on Acxiom Corp. to stable from negative and affirmed the BB corporate credit and BB+ senior secured ratings.

The outlook revision follows S&P's review of the business and financial strategy with Acxiom's new chief executive officer, according to the agency. The company is expected to maintain a moderate financial policy after ending its attempted leveraged buyout.

The rating reflects the company's good niche market position and adequate cash flow, S&P noted.

Acxiom is expected to manage a debt-to-EBITDA ratio at 3.2 times or less, S&P said.

© 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.