S&P turns Certara view to positive

S&P said it changed its outlook on Certara Holdco Inc. to positive from stable and affirmed its ratings, including its B+ senior secured ratings.

“We expect continued strong demand for the company's biosimulation software and services to offset foreign-exchange headwinds and softer bookings in the regulatory science business segment. Certara reported total revenue of $249 million for the nine months ended Sept. 30, 2022, representing 18% growth on a year-over-year basis,” S&P said in a press release.

The agency said it might raise Certara’s ratings if it develops a longer record of keeping leverage below 3.5x or builds capacity in the rating for large acquisitions.

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