Research Update: Peraton Corp. Downgraded To 'B-' On Higher-Than-Expected Leverage, Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: Peraton Corp. Downgraded To 'B-' On Higher-Than-Expected Leverage, Outlook Stable

Research Update: Peraton Corp. Downgraded To 'B-' On Higher-Than-Expected Leverage, Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: Peraton Corp. Downgraded To 'B-' On Higher-Than-Expected Leverage, Outlook Stable
Published Sep 17, 2024
7 pages (2622 words) — Published Sep 17, 2024
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings believes that it is unlikely Peraton Corp. will significantly improve its credit metrics over the next 12 months. Therefore, we lowered our issuer credit rating on the company to 'B-' from 'B'. At the same time, we lowered our issue-level ratings on Peraton's rated debt by one notch, though our recovery ratings are unchanged. The stable outlook reflects our expectation that the company's debt to EBITDA will remain above 7.5x while it generates positive free cash flow through 2025. The stable outlook reflects our expectation that Peraton's debt to EBITDA will be above 7.5x through 2025, though we believe its positive cash flow generation and lack of near-term debt maturities will support its maintenance of sufficient liquidity.

  
Brief Excerpt:

...- S&P Global Ratings believes that it is unlikely Peraton Corp. will significantly improve its credit metrics over the next 12 months. - Therefore, we lowered our issuer credit rating on the company to 'B-' from 'B'. - At the same time, we lowered our issue-level ratings on Peraton's rated debt by one notch, though our recovery ratings are unchanged. - The stable outlook reflects our expectation that the company's debt to EBITDA will remain above 7.5x while it generates positive free cash flow through 2025....

  
Report Type:

Research Update

Ticker
1499820D
Issuer
Peraton Corp.
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Peraton Corp. Downgraded To 'B-' On Higher-Than-Expected Leverage, Outlook Stable" Sep 17, 2024. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Peraton-Corp-Downgraded-To-B-On-Higher-Than-Expected-Leverage-Outlook-Stable-3251634>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Peraton Corp. Downgraded To 'B-' On Higher-Than-Expected Leverage, Outlook Stable Sep 17, 2024. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Peraton-Corp-Downgraded-To-B-On-Higher-Than-Expected-Leverage-Outlook-Stable-3251634>
  
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