Summary: Sophia L.P. - S&P Global Ratings’ Credit Research

Summary: Sophia L.P.

Summary: Sophia L.P. - S&P Global Ratings’ Credit Research
Summary: Sophia L.P.
Published Jun 27, 2013
1629 words — Published Jun 27, 2013
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Narrow business profile with other well-capitalized competitors in selected domains Market leader in the higher-education ERP market Large proportion of recurring revenues High retention rates Financial sponsorship ownership High but slowly dropping leverage Positive annual free operating cash flow The stable outlook reflects Sophia L.P.'s good market position and our expectation that the company will maintain consistent profitability and positive free operating cash flow. We could lower the rating if the company sustains debt in the high-7x area because of reduced sales or margin compression. The potential for a positive rating action over the next year is limited because of the company's highly leveraged financial profile and limited ability to materially reduce leverage. Our base-case scenario calls for revenues and

  
Brief Excerpt:

RESEARCH Summary: Sophia L.P. Publication date: 27-Jun-2013 Primary Credit Analyst: Jacob L Schlanger, New York (1) 212-438-7238; jacob.schlanger@standardandpoors.com Secondary Contact: Alfred Bonfantini, CFA, New York (1) 212-438-7159;...

  
Report Type:

Summary

Issuer
Ellucian Holdings Inc
Sector
Global Issuers
Country
United States
Region
United States
Format:
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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.

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MLA:
S&P Global Ratings’ Credit Research. "Summary: Sophia L.P." Jun 27, 2013. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Sophia-L-P-1153406>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Sophia L.P. Jun 27, 2013. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Sophia-L-P-1153406>
  
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