...March 8, 2023 - Mirion Technologies Inc., an Atlanta-based provider of radiation detection, measurement, analysis, and monitoring products and services, recently issued equity and used a portion of the proceeds to reduce its outstanding debt, which has accelerated our forecast for its deleveraging this year. Further, the company achieved a solid operating performance in the fourth quarter of 2022, and we forecast it will continue to expand its EBITDA this year. - We now forecast Mirion's S&P Global Ratings-adjusted leverage will improve to between 4x and 5x by the end of 2023, which is below our 5x upgrade threshold. - Therefore, we revised our outlook on the company to positive from stable and affirmed all of our ratings, including our 'B' issuer credit rating. - The positive outlook reflects our expectation that Mirion will continue improving its EBITDA margins and maintain its current financial policy such that it reduces its S&P Global Ratings-adjusted leverage below 5x by the end of...
