...July 27, 2021 - Optiv Inc. improved its performance in the second half of 2020 and has continued to generate good bookings and increase its revenue in fiscal year 2021. In addition, the pricing on the company's debt has significantly improved over the past year, which mitigates the risk that it will undertake a distressed debt exchange. - We raised our issuer credit rating on Optiv to 'B-' from '###+'. - At the same time, we raised our issue-level rating on the company's first-lien debt to 'B-' from '###+' and our issue-level rating on its second-lien debt to '###' from '###-'. - The stable outlook reflects the turnaround in Optiv's performance and our expectation that it will increase its revenue by about 15% and generate free cash flow of about $50 million over the next 12 months. SAN FRANCISCO (S&P Global Ratings) July 27, 2021--S&P Global Ratings today took the rating actions listed above. The upgrade reflects Optiv's improving outlook and the increase in its free cash flow to debt...
