Research Update: Rating On TriNet Group Inc. Raised To 'BB-' On Better-Than-Expected Credit Protection Measures; Outlook Positive - S&P Global Ratings’ Credit Research

Research Update: Rating On TriNet Group Inc. Raised To 'BB-' On Better-Than-Expected Credit Protection Measures; Outlook Positive

Research Update: Rating On TriNet Group Inc. Raised To 'BB-' On Better-Than-Expected Credit Protection Measures; Outlook Positive - S&P Global Ratings’ Credit Research
Research Update: Rating On TriNet Group Inc. Raised To 'BB-' On Better-Than-Expected Credit Protection Measures; Outlook Positive
Published May 16, 2018
9 pages (2984 words) — Published May 16, 2018
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

HR service provider TriNet Group Inc.'s recent results have surpassed our projections, and we expect operational improvements to result in more free cash flow and modest deleveraging. As a result, we raised our corporate credit rating on TriNet to 'BB-' from 'B+'. We also raised our issue-level rating on the company's first-lien credit facility to 'BB+' from 'BB'. The positive outlook reflects the likelihood of an upgrade in the next 12 months if TriNet's operating performance continues to improve, leading to stronger credit measures. On May 16, 2018, S&P Global Ratings raised its corporate credit rating on Dublin, Calif.-based human resources (HR) service provider TriNet Group Inc. to 'BB-' from 'B+'. The outlook is positive. At the same time, we

  
Brief Excerpt:

...+ HR service provider TriNet Group Inc.'s recent results have surpassed our projections, and we expect operational improvements to result in more free cash flow and modest deleveraging. + As a result, we raised our corporate credit rating on TriNet to '##-' from 'B+'. + We also raised our issue-level rating on the company's first-lien credit facility to '##+' from '##'. + The positive outlook reflects the likelihood of an upgrade in the next 12 months if TriNet's operating performance continues to improve, leading to stronger credit measures....

  
Report Type:

Research Update

Ticker
TNET
Issuer
TriNet Group Inc
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Rating On TriNet Group Inc. Raised To 'BB-' On Better-Than-Expected Credit Protection Measures; Outlook Positive" May 16, 2018. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Rating-On-TriNet-Group-Inc-Raised-To-BB-On-Better-Than-Expected-Credit-Protection-Measures-Outlook-Positive-2039270>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Rating On TriNet Group Inc. Raised To 'BB-' On Better-Than-Expected Credit Protection Measures; Outlook Positive May 16, 2018. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Rating-On-TriNet-Group-Inc-Raised-To-BB-On-Better-Than-Expected-Credit-Protection-Measures-Outlook-Positive-2039270>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.