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Prospect News home > News index > List of issuers M > Headlines for Mermaid Bidco Inc. > News item |
S&P changes Mermaid Bidco/Datasite view to stable
S&P said it revised the outlook to stable from positive and affirmed all ratings, including the B- issuer credit rating, on Mermaid Bidco Inc., doing business as Datasite.
“The stable outlook reflects our expectation that declining earnings over the next year could result in leverage rising above 7x and free operating cash flow (FOCF) to debt below 10%,” S&P said in a news release.
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