S&P moves Option Care view to positive

S&P said it changed its outlook for Option Care Health Inc. to positive from stable and affirmed its ratings for Option, including the BB- senior secured debt rating and B- unsecured debt rating.

“We revised our outlook on the company and affirmed our ratings due to our expectation for strong revenue growth and free cash flow generation, which will enable it to sustain S&P Global Ratings-adjusted debt to EBITDA of less than 4x. Option Care's recent results outperformed our previous expectations because of stronger-than-expected revenue growth, which improved its free cash flow generation and led to a faster-than-anticipated decline in its leverage,” S&P said in a press release.

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