NEW YORK (S&P Global Ratings) May 9, 2022--S&P Global Ratings today said that Orion Advisor Solutions Inc.'s (B-/Stable/--) proposed incremental debt issuance to fund its acquisitions of customer relationship management (CRM) solutions provider Redtail Technology and a soon-to-be announced boutique investment firm will not affect our ratings on the company. We expect the transaction to increase the company's leverage to about 9x, though we expect it will reduce its leverage to the mid-8x area by the end of 2022 and to the low-8x area by the end of 2023. We also expect Orion's cash flow generation to remain positive and anticipate its EBITDA coverage of interest will remain near the 2x area. The company plans to issue an $85 million
