S&P cuts Prometric Holdings

S&P said it downgraded the issuer credit rating on Prometric Holding Inc. to B- from B because S&P now expects lower testing volumes will prevent free operating cash flow to debt from increasing above S&P’s 5% downgrade threshold in fiscal 2020.

The outlook is negative.

“The downgrade reflects our expectation that credit metrics will continue to be pressured in 2020,” S&P said in a news release.

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