S&P revises DexKo view stable

S&P said it revised the outlook for DexKo Global Inc. to stable from negative.

“DexKo’s profitability will likely be stronger than we previously anticipated in 2020, supported by better-than-expected demand for its recreation-exposed products,” S&P said in a press release.

The outlook reflects the view DexKo will improve its debt leverage to the 7x area over the next 12 months and maintain its good free cash flow generation, S&P said.

The agency affirmed DexKo’s B- issuer rating, the B- rating on its first-lien facility and the CCC rating on its second-lien facility. The respective 3 and 6 recovery ratings are unchanged.

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