S&P pulls Digital Room from watch

S&P said it affirmed its ratings on Digital Room Holdings Inc. and removed them from CreditWatch with negative implications. The agency placed the ratings on watch on April 10. The outlook is stable.

“The stable outlook and ratings affirmation reflect DRI's expected positive cash flow generation over the next 12 months,” S&P said in a press release.

S&P said it forecasts print order volumes to continue improving monthly in the second half as businesses reopen and increase marketing spending.

Nevertheless, the agency estimates adjusted free operating cash flow to debt will remain in the low-single-digit percent area, and adjusted leverage will increase to the high-8x area in 2020.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.