Research Update: NEWAsurion Corp. And Subsidiaries 'B+' Ratings Affirmed, Second-Lien Debt Rating Raised To 'B'; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: NEWAsurion Corp. And Subsidiaries 'B+' Ratings Affirmed, Second-Lien Debt Rating Raised To 'B'; Outlook Stable

Research Update: NEWAsurion Corp. And Subsidiaries 'B+' Ratings Affirmed, Second-Lien Debt Rating Raised To 'B'; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: NEWAsurion Corp. And Subsidiaries 'B+' Ratings Affirmed, Second-Lien Debt Rating Raised To 'B'; Outlook Stable
Published Nov 26, 2019
7 pages (2709 words) — Published Nov 26, 2019
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

NewAsurion Corp. has shown favorable earnings and higher subscriber growth as it expands its international footprint. We are affirming our 'B+' issuer credit ratings on NEWAsurion and subsidiaries. At the same time, we are revising our issue rating on its second-lien term loan to 'B' from 'B-' and affirming our 'B+' first-lien debt ratings. The stable outlook reflects our expectation that NEWAsurion will grow earnings in the low- to mid-single digits in the next 12 months with sustained leverage of 4.5x-5.5x. On Nov. 26, 2019, S&P Global Ratings affirmed its 'B+' long-term issuer credit ratings on NEWAsurion Corp. and its subsidiaries, Lonestar Intermediate Super Holdings LLC and Asurion LLC. The outlook is stable. At the same time, we raised our

  
Brief Excerpt:

...- NewAsurion Corp. has shown favorable earnings and higher subscriber growth as it expands its international footprint. - We are affirming our 'B+' issuer credit ratings on NEWAsurion and subsidiaries. At the same time, we are revising our issue rating on its second-lien term loan to 'B' from 'B-' and affirming our 'B+' first-lien debt ratings. - The stable outlook reflects our expectation that NEWAsurion will grow earnings in the low- to mid-single digits in the next 12 months with sustained leverage of 4.5x-5.5x....

  
Report Type:

Research Update

Issuer
NEWAsurion Corp.
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

NEWAsurion Corp. – 2020/12/10 – US$ 500.00

NEWAsurion Corp. – 2021/11/22 – US$ 500.00

Asurion Group Inc. – 2022/11/23 – US$ 500.00

Asurion Group Inc. – 2023/07/13 – US$ 500.00

NEWAsurion Corp. And Subsidiaries – 2019/01/16 – US$ 500.00

Summary: NEWAsurion Corp. And Subsidiaries – 2019/01/16 – US$ 225.00

NEWAsurion Corp.And Subsidiaries – 2018/02/27 – US$ 500.00

Summary: NEWAsurion Corp.And Subsidiaries – 2018/02/27 – US$ 225.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: NEWAsurion Corp. And Subsidiaries 'B+' Ratings Affirmed, Second-Lien Debt Rating Raised To 'B'; Outlook Stable" Nov 26, 2019. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-NEWAsurion-Corp-And-Subsidiaries-B-Ratings-Affirmed-Second-Lien-Debt-Rating-Raised-To-B-Outlook-Stable-2347652>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: NEWAsurion Corp. And Subsidiaries 'B+' Ratings Affirmed, Second-Lien Debt Rating Raised To 'B'; Outlook Stable Nov 26, 2019. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-NEWAsurion-Corp-And-Subsidiaries-B-Ratings-Affirmed-Second-Lien-Debt-Rating-Raised-To-B-Outlook-Stable-2347652>
  
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