S&P revises Riverbed Parent view to stable

S&P said it affirmed its B issuer credit rating on Riverbed Parent Inc. and revised its outlook to stable from negative.

“The outlook revision reflects our expectation that leverage will fall below 7x and FOCF to debt will grow to the mid-5% area in 2019 as revenues grow in the mid-single-digits organically on continued momentum in product bookings, and support and services growth resulting from good product growth achieved in 2018,” S&P said in a news release.

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