Survey Sampling International LLC Downgraded To 'B-' From 'B' On Thin Covenant Margin Of Compliance; Outlook Negative - S&P Global Ratings’ Credit Research

Survey Sampling International LLC Downgraded To 'B-' From 'B' On Thin Covenant Margin Of Compliance; Outlook Negative

Survey Sampling International LLC Downgraded To 'B-' From 'B' On Thin Covenant Margin Of Compliance; Outlook Negative - S&P Global Ratings’ Credit Research
Survey Sampling International LLC Downgraded To 'B-' From 'B' On Thin Covenant Margin Of Compliance; Outlook Negative
Published May 16, 2017
Published May 16, 2017
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We expect U.S.-based global provider of market opinions Survey Sampling International LLC's (SSI's) weaker-than-expected revenue growth and covenant step-downs to result in a leverage covenant margin of compliance below 5% over the next 12 months. We are lowering our ratings on the company, including the corporate credit rating to 'B-' from 'B'. The recovery ratings are unchanged. The negative rating outlook reflects our expectation that the SSI's first-lien covenant margin of compliance will remain extremely thin and the company may need to pursue an amendment to the covenant agreement to avoid a violation. CHICAGO (S&P Global Ratings) May 16, 2017--S&P Global Ratings said today that it lowered its corporate credit rating on Survey Sampling International LLC (SSI) to 'B-' from

  
Report Type:

Ratings Action

Issuer
GICS
Data Processing & Outsourced Services (45102020)
Sector
Global Issuers
Country
Region
Format:
PDF Adobe Acrobat
Buy Now

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. "Survey Sampling International LLC Downgraded To 'B-' From 'B' On Thin Covenant Margin Of Compliance; Outlook Negative" May 16, 2017. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Survey-Sampling-International-LLC-Downgraded-To-B-From-B-On-Thin-Covenant-Margin-Of-Compliance-Outlook-Negative-1849986>
  
APA:
S&P Global Ratings’ Credit Research. (). Survey Sampling International LLC Downgraded To 'B-' From 'B' On Thin Covenant Margin Of Compliance; Outlook Negative May 16, 2017. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Survey-Sampling-International-LLC-Downgraded-To-B-From-B-On-Thin-Covenant-Margin-Of-Compliance-Outlook-Negative-1849986>
  
US$ 150.00
$  £  
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.