S&P alters Corsair view to stable

S&P said it revised the outlook for Corsair Group (Cayman) LP to stable from negative.

“Our stable outlook on Corsair is based on our expectation that Corsair will be able to generate double-digit percent revenue growth in 2020 as demand in gaming systems and peripherals remains robust and e-sports markets continue to outgrow broader computing hardware sales for the remainder of the year,” S&P said in a press release.

S&P also affirmed the B ratings on the company and its senior secured first-lien facility and CCC+ rating on its senior secured second-lien term loan. The respective 3 and 6 recovery ratings remain unchanged, indicating expectations of 50%-70% (rounded estimate: 55%) recovery on the first-lien and 0%-10% (rounded estimate: 0%) recovery on the second-lien term loan, the agency said.

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