Moody’s shifts Data Axle view to stable

Moody’s Investors Service said it revised Data Axle Inc.’s outlook to stable from negative and affirmed its ratings, including the Caa1 corporate family rating and B3 instrument rating for the first-lien senior secured credit facilities.

“The change in outlook is based on the expectation that the company will be able to maintain or grow revenue on an annual basis based on recovering demand for data in the enterprise segment and contribution from the recent acquisitions of Exact Data and Lake Group that will lead to a larger earnings base. The cash flow profile of the company is expected to improve as well and free cash flow to debt (Moody's adjusted) is expected to be in the low single digits,” the agency said in a press release.

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