Survey Sampling International LLC Upgraded To 'B' On Merger With Research Now; Outlook Negative - S&P Global Ratings’ Credit Research

Survey Sampling International LLC Upgraded To 'B' On Merger With Research Now; Outlook Negative

Survey Sampling International LLC Upgraded To 'B' On Merger With Research Now; Outlook Negative - S&P Global Ratings’ Credit Research
Survey Sampling International LLC Upgraded To 'B' On Merger With Research Now; Outlook Negative
Published Jan 16, 2018
Published Jan 16, 2018
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About This Report

  
Abstract:

Global provider of marketing opinions Survey Sampling International LLC has completed the merger with Research Now Group Inc. under a new parent entity, New Insight Holdings Inc. We are upgrading Survey Sampling to 'B' from 'B-', removing the rating from CreditWatch, and assigning a negative outlook. We are withdrawing our 'B-' issue-level rating and '3' recovery rating on the first-lien credit facility and our 'CCC' issue-level rating and '6' recovery rating on the second-lien loan because these facilities have been refinanced concurrent with the merger closing. The negative outlook reflects the substantial execution risk in the merger and the combined companies' thin free operating cash flow (FOCF) over the next 12-18 months. CHICAGO (S&P Global Ratings) Jan. 16, 2018--S&P Global

  
Report Type:

Ratings Action

Issuer
GICS
Data Processing & Outsourced Services (45102020)
Sector
Global Issuers
Country
Region
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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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Survey Sampling International LLC Upgraded To 'B' On Merger With Research Now; Outlook Negative" Jan 16, 2018. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Survey-Sampling-International-LLC-Upgraded-To-B-On-Merger-With-Research-Now-Outlook-Negative-1981174>
  
APA:
S&P Global Ratings’ Credit Research. (). Survey Sampling International LLC Upgraded To 'B' On Merger With Research Now; Outlook Negative Jan 16, 2018. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Survey-Sampling-International-LLC-Upgraded-To-B-On-Merger-With-Research-Now-Outlook-Negative-1981174>
  
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