S&P revises Caliber Collision view to stable

S&P said it revised its outlook on Wand NewCo 3 Inc. (doing business as Caliber Collision) to stable from negative and affirmed its B- issuer credit rating.

Wand NewCo 3 generated positive free cash flow and increased its cash balances despite the revenue pressure stemming from its declining same-store sales due to the fallout from the Covid-19 pandemic, S&P said.

“The outlook revision and affirmation reflect Caliber's improved liquidity position and higher cash flow generation,” S&P said in a news release.

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