Fitch views Dun & Bradstreet positively

Fitch Ratings said it revised Dun & Bradstreet Holdings Inc.’s and Dun & Bradstreet Corp.’s outlook to positive from stable.

“Although 2021 EBITDA margin was down approximately 2% compared with 2020, Dun & Bradstreet has had strong revenue growth in the first half of 2022 and should be able to finish the full year with EBITDA margin in the range of 39% to 40%. This target is somewhat at risk since the company is working to integrate its acquisitions of Netwise and Eyeota in the sales & marketing sector while maintaining its margins,” Fitch said in a press release.

Additionally, “The company has been successful at winning new logos, maintaining high retention levels, as well as increasing cross-selling and growing client wallet share, which is supported in part by growing the proportion of multi-year contracts,” the agency said.

Fitch also affirmed the companies’ BB- issuer ratings, BB+/RR1 secured debt ratings and BB-/RR4 unsecured debt ratings.

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