S&P rates Acrisure Holdings B

Standard & Poor’s said it assigned a B corporate credit rating to Acrisure Holdings Inc.

The agency also said it affirmed all of the ratings on core subsidiary Acrisure LLC.

The outlook is stable.

Acrisure Holdings is the ultimate parent of Acrisure and the entity where the group’s financial statements reside, S&P said.

Acrisure, the issuer of the debt, continues to operate the subsidiary companies, which are the guarantors on the debt, the agency explained.

Acrisure is a financing subsidiary that is core to the ultimate parent, so the ratings on these companies are linked, S&P said.

The ratings reflect Acrisure’s fair business risk and highly leveraged financial risk profiles, the agency said.

The stable outlook reflects an expectation that its credit metrics will show limited movement over the next 12 months due to improved cash flow arising from increased scale and modest organic growth, S&P said.

But its aggressive acquisition strategy will offset some of the natural de-leveraging that will occur, the agency said.

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