Good market position and robust operating performance Well-integrated and effective business model Significant client concentration risk and dependence on contract renewals Improving credit protection metrics due to robust earnings growth Financial policy focus on reducing private-equity ownership Healthy cash flow generation with limited working capital or capital expenditure needs The stable outlook on NEWAsurion Corp. reflects S&P Global Ratings' expectation that the company will maintain its leading market position in the mobile and electronic protection industry with revenue growth in the low-double digits in 2018 and mid-single digits in 2019. We also expect EBITDA margins of 24%-26% during these times. While we believe this will allow the company to continue deleveraging to the low-5x area at year-end 2018, our base-case
