| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers Q > Headlines for Quest Software US Holdings Inc. > News item |
S&P trims Quest Software US
S&P said it lowered its ratings on Quest Software US Holdings Inc. and its first-lien credit facility to CCC+ from B- and second-lien term loan to CCC from CCC+.
“We expect Quest Software US Holdings Inc. to report a second year of negative free cash flow (FCF) in 2024 as the impact of higher interest expense overwhelms recent improvements in profitability and sales execution.
“We believe the current interest rate environment has made the firm's capital structure unsustainable and that Quest would need to considerably improve its operating performance to generate consistently positive FCF,” S&P said in a press release.
The outlook is stable.
© 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.