Mitchell Topco Holdings, Inc. (d/b/a Enlyte) has increased its profitability, scale, and breadth of offerings through organic and inorganic growth and operational efficiencies, leading us to revise our business risk profile assessment upward to fair from weak. Credit metrics are commensurate with a higher rating following our business risk profile assessment revision, and we expect modest delevering in the next 12 months on continued performance momentum. Therefore, we raised our long-term issuer credit rating on Enlyte to'B'from'B-'and all issue-level ratings by one notch. The stable outlook reflects our expectation that Enlyte will maintain its fair business position and leverage levels consistent with our rating threshold on a run rate basis. We revised our view of Enlyte's
