S&P lifts Oak Holding view to stable

S&P said it affirmed the B issuer credit rating on Oak Holdings LLC.

The agency also said it revised the outlook to stable from negative, reflecting its expectation for continued low-single-digit revenue growth and further cost improvements in 2019, resulting in EBITDA growth that will allow the company to reduce leverage to about 5x and generate free cash flow of about $25 million, S&P said in a news release.

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