S&P ups SkillSoft outlook to positive

Standard & Poor's said it revised its outlook on SkillSoft plc to positive from negative.

At the same time, the agency said it affirmed its B+ corporate credit rating on the company.

The outlook revision follows SkillSoft's successful integration of its May 14, 2007 acquisition of Netg, strong margin improvements and the expectation that the pace of acquisitions will become more moderate, the agency noted, adding that the rating continues to reflect SkillSoft's narrow and vulnerable business profile and operation in a market with low barriers to entry.

These factors are offset partially by an installed base of more than 3,000 accounts, good unit economics and renewal rates and moderate leverage, the agency said.

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