S&P revises DMT view to stable

S&P said it revised the outlook for DMT Solutions Global Corp. to stable from negative and affirmed the B- issuer rating on the company, citing improved liquidity and better performance.

“As of June 30, 2020, DMT had $39 million of available liquidity comprising $23 million in balance sheet cash and $15 million available under its asset-based lending (ABL) facility, a significant improvement over the $15 million of available liquidity as of December 2019 when we revised our ratings outlook to negative,” S&P said in a press release.

S&P said the outlook mirrors the expectation DMT will continue to face a challenging operating environment resulting from the pandemic, but it will effectively manage its costs to maintain a low-double-digit EBITDA margin, lower its adjusted leverage toward the 5x area, and increase its FOCF to debt above 5% over the next 12 months.

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