Research Update: Genuine Financial Holdings LLC Outlook Revised To Stable On Likely Increase In Prehiring Screening; 'B-' Rating Affirmed - S&P Global Ratings’ Credit Research

Research Update: Genuine Financial Holdings LLC Outlook Revised To Stable On Likely Increase In Prehiring Screening; 'B-' Rating Affirmed

Research Update: Genuine Financial Holdings LLC Outlook Revised To Stable On Likely Increase In Prehiring Screening; 'B-' Rating Affirmed - S&P Global Ratings’ Credit Research
Research Update: Genuine Financial Holdings LLC Outlook Revised To Stable On Likely Increase In Prehiring Screening; 'B-' Rating Affirmed
Published Sep 20, 2021
6 pages (2138 words) — Published Sep 20, 2021
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Nashville, Tenn.-based global background screening provider Genuine Financial Holdings LLC (doing business as HireRight) has recovered to pre-pandemic levels following sharp declines in 2020. The end of U.S. unemployment benefits could accelerate pre-hire screening volumes for the background screening industry. We revised our outlook to stable from negative and affirmed our 'B-' issuer credit rating. The stable outlook reflects the normalization of HireRights' screening volumes and our expectation that liquidity will improve and leverage will decline to the 7x area by 2021. The stable outlook reflects the normalization of HireRights' screening volumes and our expectation that liquidity will improve and leverage will decline to the 7x area by 2021. We could raise our rating if the company demonstrated a track

  
Brief Excerpt:

...- Nashville, Tenn.-based global background screening provider Genuine Financial Holdings LLC (doing business as HireRight) has recovered to pre-pandemic levels following sharp declines in 2020. - The end of U.S. unemployment benefits could accelerate pre-hire screening volumes for the background screening industry. - We revised our outlook to stable from negative and affirmed our 'B-' issuer credit rating. - The stable outlook reflects the normalization of HireRights' screening volumes and our expectation that liquidity will improve and leverage will decline to the 7x area by 2021....

  
Report Type:

Research Update

Ticker
1495894D
Issuer
Sector
Global Issuers
Country
Region
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Genuine Financial Holdings LLC Outlook Revised To Stable On Likely Increase In Prehiring Screening; 'B-' Rating Affirmed" Sep 20, 2021. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Genuine-Financial-Holdings-LLC-Outlook-Revised-To-Stable-On-Likely-Increase-In-Prehiring-Screening-B-Rating-Affirmed-2724152>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Genuine Financial Holdings LLC Outlook Revised To Stable On Likely Increase In Prehiring Screening; 'B-' Rating Affirmed Sep 20, 2021. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Genuine-Financial-Holdings-LLC-Outlook-Revised-To-Stable-On-Likely-Increase-In-Prehiring-Screening-B-Rating-Affirmed-2724152>
  
US$ 225.00
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