S&P revises Zotec view to positive

S&P said it revised the outlook for Zotec Partners LLC to positive from stable.

“The positive outlook reflects our belief that the company will continue to expand its EBITDA margins and improve financial performance, maintaining leverage below 5x and generating free operating cash flow (after capital expenditure, including capitalized software development costs) above $15 million. We expect continued operating performance will result in increased free cash flow generation and reduction of debt in 2020,” said S&P in a press release.

S&P affirmed Zotec’s B- rating and left the issue ratings unchanged.

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