S&P lifts RCP Vega/Transact

S&P said it raised all its ratings, including the issuer credit ratings, on RCP Vega Inc. and Transact Holdings Inc. by one notch.

The issuer credit ratings are B-, and the issue-level rating on the company’s first-lien debt is B. The recovery rating is 2.

The outlook is stable.

“The stable outlook reflects our expectation that Transact will reduce its leverage during 2022 while maintaining a similar level of cash flow as 2021. We expect solid revenue and earnings growth to continue as digital payment adoption and other services grow on campus,” S&P said in a news 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.