NEW YORK (Standard&Poor's) June 16, 2014--Standard&Poor's Ratings Services today said its 'B+' term loan rating on Altisource Portfolio Solutions' $400 million term loan due in 2020 remains unchanged after a $200 million add-on offering. The long-term issuer credit rating on Altisource remains 'B+'. Management will use the proceeds to repurchase stock and for general corporate purposes. Following this transaction, we estimate debt to EBITDA to be approximately 2.6x as of March 31, 2014. We expect leverage to steadily decline over the next 12 months. Our rating on Altisource reflects the company's strong, high-quality earnings, strategy of operating with minimal balance sheet risk, and solid funding base. Offsetting factors include a concentration in serving the cyclical mortgage
