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S&P places Navicure on watch
S&P said it placed all its ratings on Navicure Inc. on CreditWatch with negative implications after the company announced its plans to acquire eSolutions.
“We are placing our ratings on Navicure on CreditWatch because we believe that the acquisition of eSolutions may increase its leverage and interest payments and potentially erode its cash flow generation if the company funds the transaction with debt,” S&P said in a press release.
The agency said it plans to resolve the CreditWatch placement after the transaction closes.
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