...- Altisource Portfolio Solutions S.A. has lowered its debt and cash interest burden and extended its debt maturity to April 2030 by completing a distressed debt exchange. - We now expect Altisource will generate positive cash flow from operations, but liquidity will remain constrained. - Therefore, we raised our issuer credit rating on the company to '###+' from '##'. - We also assigned our 'B' issue-level rating and '1' recovery rating to the new $12.5 million senior secured debt (super senior facility), '###-' issue-level rating and '6' recovery rating to the new $160 million senior subordinated debt (new first lien loan), and withdrew our ratings on the company's exchanged senior secured term loan, which was rated 'D'. - The stable outlook reflects our expectation that over the next 12 months, while we expect Altisource to generate positive cash flow from operations, we believe its liquidity will remain constrained and the company will remain dependent on favorable financial and economic...
