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Published on 9/25/2019 in the Prospect News Bank Loan Daily.

S&P assigns rating to Omnitracs

S&P said it assigned a B rating to Omnitracs Holdings LLC.

“The rating reflects Omnitracs’ limited scale and narrow product and end-market focus compared to other rated large enterprise software providers. It also takes into account our expectations of leverage of about 6x for the financial year ending Sept. 30, 2019, and a slight reduction to above 5.5x in the next 12 months,” said S&P in a press release.

Omnitracs’ other ratings are unaffected.

The outlook is stable.


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