Fitch revises J.D. Power view to positive

Fitch Ratings said it revised the outlook for Project Boost Purchaser LLC (J.D. Power) to positive from stable and affirmed its B- issuer rating and the BB-/RR1 ratings on the first-lien senior secured revolver and term loan. The agency also assigned a B- issuer rating to the parent and financial statement filer, Boost Parent, LP.

“The revised outlook reflects Fitch's view that the auto end market the company serves has stabilized and has been improving since the trough of the coronavirus pandemic. Improved trends across its end markets should lead to better than projected fundamentals in the coming years,” the agency said in a press release.

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