Moody’s moves WebPros view to positive

Moody’s Investors Service said it revised its outlook for WebPros (Webpros Investments Sarl) to positive from stable and affirmed the B2 ratings on the company and its loans.

“The change in outlook to positive from stable reflects the continued strong operating performance of the company over the past 18 months, leading to a reduction in Moody's-adjusted leverage to below 4x and improved free cash flow levels. WebPros' credit metrics have significantly strengthened over the past couple of years due to a steady growth in revenues and EBITDA as well as a reduction in the total debt load through voluntary prepayments of the second-lien term loan. The company's prudent financial policy was a key driver of today's rating action,” the agency said in a press release.

Moody's said it forecasts WebPros' revenues to grow in the low- to mid-single-digit percentages over the next 12-18 months.

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