Bellevue, Wash.-based aerial imagery and 3D measurement software solutions provider EagleView Technology Corp. continues to incur softness in top-line growth as a result of unfavorable weather patterns. Weaker-than-expected revenues and elevated investment spending will prevent leverage from improving below the high-7x area over the next 12 months. As a result, we lowered our issuer credit rating on Eagleview to 'B-' from 'B'. At the same time, we lowered our issue-level ratings on Eagleview's first-lien debt to 'B' from 'B+' and second-lien term loan to 'CCC' from 'CCC+.' The '2' recovery rating on the first-lien debt and '6' recovery rating on the second-lien debt remain unchanged, respectively. The stable outlook reflects our expectation that earnings-based expansion from operational efficiencies and a
