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Prospect News home > News index > List of issuers G > Headlines for GP Investments, Ltd. > News item |
Fitch affirms GP Investments
Fitch Ratings said it affirmed GP Investments Ltd.'s B+ foreign-currency issuer default rating and B+/RR4 senior rating.
The outlook is stable.
GP's ratings are supported by the franchise of the company and the experience of its management team, its solid capital base and its adequate liquidity, Fitch said.
The ratings are constrained by the concentrated nature of the investment portfolio, the still tight recurring cash flow and the high leverage from a cash flow perspective, the agency noted.
As of September, the long-term debt-to-EBITDA ratio was 44.3 times.
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