Wand NewCo 3 Inc. Outlook Revised To Positive On Favorable Demand Trends; Ratings Affirmed - S&P Global Ratings’ Credit Research

Wand NewCo 3 Inc. Outlook Revised To Positive On Favorable Demand Trends; Ratings Affirmed

Wand NewCo 3 Inc. Outlook Revised To Positive On Favorable Demand Trends; Ratings Affirmed - S&P Global Ratings’ Credit Research
Wand NewCo 3 Inc. Outlook Revised To Positive On Favorable Demand Trends; Ratings Affirmed
Published Apr 21, 2023
4 pages (2147 words) — Published Apr 21, 2023
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Wand NewCo 3 Inc. (doing business as Caliber Collision) benefitted from the favorable market conditions for collision repairs in 2022. In addition, we view the company as well positioned to continue benefitting from the favorable supply and demand dynamics in its industry. Therefore, we revised our outlook on Caliber to positive from stable and affirmed our ratings, including our 'B-' issuer credit rating. The positive outlook reflects that we could raise our ratings on the company over the next 12 months if labor shortages, inflationary pressures, and weaker macroeconomic conditions do not significantly affect its operating performance and its credit metrics remain in line with our expectations. DALLAS (S&P Global Ratings) April 21, 2023--S&P Global Ratings today took the rating

  
Brief Excerpt:

...April 21, 2023 - Wand NewCo 3 Inc. (doing business as Caliber Collision) benefitted from the favorable market conditions for collision repairs in 2022. - In addition, we view the company as well positioned to continue benefitting from the favorable supply and demand dynamics in its industry. - Therefore, we revised our outlook on Caliber to positive from stable and affirmed our ratings, including our 'B-' issuer credit rating. - The positive outlook reflects that we could raise our ratings on the company over the next 12 months if labor shortages, inflationary pressures, and weaker macroeconomic conditions do not significantly affect its operating performance and its credit metrics remain in line with our expectations. DALLAS (S&P Global Ratings) April 21, 2023--S&P Global Ratings today took the rating actions listed above. The outlook revision reflects Caliber's sound operating performance in 2022 and our expectation it will continue to benefit from favorable demand trends in 2023. The...

  
Report Type:

Ratings Action

Issuer
Wand NewCo 3 Inc.
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Wand NewCo 3 Inc. Outlook Revised To Positive On Favorable Demand Trends; Ratings Affirmed" Apr 21, 2023. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Wand-NewCo-3-Inc-Outlook-Revised-To-Positive-On-Favorable-Demand-Trends-Ratings-Affirmed-2976444>
  
APA:
S&P Global Ratings’ Credit Research. (). Wand NewCo 3 Inc. Outlook Revised To Positive On Favorable Demand Trends; Ratings Affirmed Apr 21, 2023. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Wand-NewCo-3-Inc-Outlook-Revised-To-Positive-On-Favorable-Demand-Trends-Ratings-Affirmed-2976444>
  
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