S&P Global Ratings has revised its real GDP growth expectations for 2020 to -0.5%-0.0% for the U.S. and 1.0%-1.5% for the global economy due to the disruption from the spread of the new coronavirus. We are placing all of our ratings on Banff Parent Inc. (doing business as BMC Software), including our 'B-' issuer credit rating, on CreditWatch with negative implications. The CreditWatch placement reflects our belief that the weaker macroeconomic and information technology (IT) spending environment will weigh on the Houston-based IT infrastructure software provider's operating results, which could lead us to take a negative rating action on the company. We estimate that the company will finish fiscal year 2020 (ending March 2020) with S&P-adjusted leverage of approximately 10x
