Focus Financial Partners Inc., the parent of Focus Financial Partners LLC, was established after the company completed its IPO. We are assigning our 'BB-' issuer credit rating to Focus Financial Partners Inc. Our rating on the company's first-lien facility, issued by Focus Financial Partners LLC, remains at 'BB-'. The stable outlook reflects our expectation that the company will operate with leverage, as calculated by S&P Global Ratings, between 4x and 5x during the next 12 months and post a double-digit percent increase in revenues as a result of acquisitions completed 2020 and continued growth of the Focus partnership. On Feb. 25, 2021, S&P Global Ratings assigned its 'BB-' issuer credit rating to Focus Financial Partners Inc. The outlook is stable.
