Tear Sheet: Ankura Holdings L.P. - S&P Global Ratings’ Credit Research

Tear Sheet: Ankura Holdings L.P.

Tear Sheet: Ankura Holdings L.P. - S&P Global Ratings’ Credit Research
Tear Sheet: Ankura Holdings L.P.
Published May 29, 2024
5 pages (1883 words) — Published May 29, 2024
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

We expect continued momentum in restructuring services from higher-than-average leveraged loan default rates, higher growth from Asia-Pacific and Europe, the Middle East, and Africa, and successful integration of recently acquired companies to increase revenue in the low-teens percent area. We believe growth will be partially offset by sustained soft demand for Ankura?s procyclical offerings as the U.S economy?s growth rate trends lower. However, we believe Ankura's business mix of countercyclical, procyclical, and noncyclical practices provides revenue stability through economic cycles. We expect the overall business consulting services sector will continue to benefit from secular growth. Despite strong EBITDA generation from increased revenues and newly implemented operating efficiencies, we forecast that leverage will remain high primarily due to the sponsor's aggressive

  
Brief Excerpt:

...Foreign currency issuer credit rating B-/Stable/-- Local currency issuer credit rating B-/Stable/-- Business risk Weak Country risk Very Low Industry risk Intermediate Competitive position Weak Financial risk Highly Leveraged Cash flow/leverage Highly Leveraged Anchor b- Diversification/portfolio effect Neutral (no impact) Capital structure Neutral (no impact) Financial policy FS-6 (no impact) Liquidity Adequate (no impact) Management and governance Moderately Negative (no impact) Comparable rating analysis Neutral (no impact) Stand-alone credit profile b-...

  
Report Type:

Full Report

Ticker
1544795D
Issuer
Sector
Global Issuers
Country
Region
Format:
PDF Adobe Acrobat
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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. "Tear Sheet: Ankura Holdings L.P." May 29, 2024. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-Ankura-Holdings-L-P-3187317>
  
APA:
S&P Global Ratings’ Credit Research. (). Tear Sheet: Ankura Holdings L.P. May 29, 2024. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-Ankura-Holdings-L-P-3187317>
  
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