S&P: Datatel outlook negative

Standard & Poor's said it revised the B rating outlook on Datatel Inc. to negative from stable.

The B corporate credit rating was affirmed.

The outlook change reflects the upsizing of Datatel's previous $430 million refinancing to $460 million, according to the agency.

The upsizing increases leverage to the low-7x area from the high-6x area under the transaction's previous terms, and from the low-5x area prior to the launch of the proposed transaction, the agency noted.

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