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S&P lifts SurveyMonkey view to stable
Standard & Poor’s said it affirmed the B corporate credit rating on SurveyMonkey Inc. and revised its outlook to stable from negative.
The outlook revision stems from SurveyMonkey’s better-than-expected credit metrics, S&P said, debt reduction from equity raised and strong top-line performance.
The stable outlook reflects an expectation that the company’s liquidity will remain adequate and leverage will continue to gradually decline despite increased marketing spending, the agency said.
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