| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers O > Headlines for OT Merger Corp. > News item |
S&P revises OT Merger view to negative
S&P said it revised its outlook on OT Merger Corp. to negative from stable and affirmed the B- issuer credit rating on the company.
S&P also affirmed its B- issue-level rating and 3 recovery rating on OT Merger's first-lien debt facilities as well as the CCC+ issue-level rating and 5 recovery rating on the senior unsecured notes.
“The negative outlook reflects our expectation that S&P Global Ratings-adjusted debt-to-EBITDA could remain elevated above 9x, and that free operating cash flow (FOCF) will likely be negative over the next 12 months,” S&P said in a news release.
© 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.