S&P revises Sungard view to negative

S&P said it revised the outlook for Sungard AS New Holdings LLC to negative from stable, but affirmed all its Sungard ratings, including the B- issuer rating.

“The negative outlook reflects the company's persistent revenue declines and margin pressure, which have required it to undertake several restructuring initiatives. We also believe the stabilization of its revenue is uncertain and expect its FOCF to be negative over the next 12 months,” said S&P in a press release.

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