S&P upgrades Verscend

S&P said it raised its issuer credit rating on VCVH Holding II Corp. (Verscend) to B from B- and removed it from CreditWatch, where it was placed with positive implications on June 19.

The outlook is stable.

“The upgrade reflects our view that the combination of Verscend and Cotiviti results in a meaningfully stronger business, which we believe partly offsets the higher leverage following the transaction,” S&P said in a news release.

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