S&P changes Match Group view to positive

S&P said it revised its outlook to positive from stable on Match Group Inc. and affirmed all the ratings on the company, including the BB issuer credit rating, BBB- issue-level rating on Match Group's secured term loan with a 1 recovery rating and BB issue-level rating on the company's senior unsecured notes with a 3 recovery rating.

“The positive outlook reflects our expectation that steady RPP [revenue per payer] across Match Group's Tinder and non-Tinder brands will drive organic revenue and EBITDA growth,” S&P said in a news release.

“We expect Match Group will maintain a prudent financial policy such that it sustains leverage below 3x in the next 12 months despite macroeconomic headwinds and its appetite for share repurchases and acquisitions.”

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