S&P shifts WebPros outlook to positive

S&P said it revised its outlook for Particle Investment Sarl (WebPros) to positive from stable and affirmed its B issuer rating.

“We forecast continued price increases and organic growth in 2022, supported by customer loyalty and favorable market trends.After revenue growth of 21% in 2021, we estimate WebPros will expand its top line by about 12%-14% in 2022, supported by continued price increases as well as about 5% growth in number of licenses sold,” the agency said in a press release.

S&P said it also forecasts WebPros’ leverage to fall below 5x in 2022.

“The positive outlook indicates that we could raise the ratings if we expect adjusted leverage to remain below 5.5x, EBITDA interest to be above 3x, and FOCF to debt nearly 10%, on a sustainable basis,” the agency said.

© 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.