| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers O > Headlines for Octave Music Group Inc. > News item |
S&P raises Octave Group
S&P said it raised its ratings for the Octave Music Group Inc. and its debt to B from B-.
“Foot traffic at bars and restaurants locations across the U.S. has improved substantially as social distancing restrictions related to the pandemic continued ease resulting in better revenue trends for the Octave Music Group Inc. than we previously expected,” S&P said in a press release.
The agency said it sees Octave’s debt leverage retreating to 4.2x by the end of 2021 from 13.7x last year on EBITDA growth and voluntary debt repayments.
The outlook is stable.
© 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.