Aretec Group Inc. 'B-' Rating Affirmed On Acquisition Of Voya Financial Advisors' Assets; Outlook Remains Stable - S&P Global Ratings’ Credit Research

Aretec Group Inc. 'B-' Rating Affirmed On Acquisition Of Voya Financial Advisors' Assets; Outlook Remains Stable

Aretec Group Inc. 'B-' Rating Affirmed On Acquisition Of Voya Financial Advisors' Assets; Outlook Remains Stable - S&P Global Ratings’ Credit Research
Aretec Group Inc. 'B-' Rating Affirmed On Acquisition Of Voya Financial Advisors' Assets; Outlook Remains Stable
Published Mar 25, 2021
3 pages (1420 words) — Published Mar 25, 2021
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Aretec Group is acquiring certain assets related to the independent financing channel of Voya Financial Advisors from Voya Financial Inc. (announced in February 2021) through a combination of incremental first-lien term loan, senior unsecured debt, and cash on hand. We believe the credit metrics are still commensurate for the rating, with pro forma leverage (as measured by debt to covenant EBITDA) of 5.75x-6.25x, a modest deterioration from our previous expectation of 5.5x-6.0x. As a result, we affirmed our 'B-' issuer credit and first-lien term loan ratings on Aretec Group. We also assigned a 'B-' issue rating to the first-lien term loan add-on. The stable outlook reflects our view that over the next 12 months Aretec Group will continue to improve

  
Report Type:

Ratings Action

Ticker
1408726D
Issuer
Aretec Group Inc.
GICS
Investment Banking & Brokerage (40203020)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Aretec Group Inc. 'B-' Rating Affirmed On Acquisition Of Voya Financial Advisors' Assets; Outlook Remains Stable" Mar 25, 2021. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Aretec-Group-Inc-B-Rating-Affirmed-On-Acquisition-Of-Voya-Financial-Advisors-Assets-Outlook-Remains-Stable-2617635>
  
APA:
S&P Global Ratings’ Credit Research. (). Aretec Group Inc. 'B-' Rating Affirmed On Acquisition Of Voya Financial Advisors' Assets; Outlook Remains Stable Mar 25, 2021. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Aretec-Group-Inc-B-Rating-Affirmed-On-Acquisition-Of-Voya-Financial-Advisors-Assets-Outlook-Remains-Stable-2617635>
  
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