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S&P revises outlook on Ocwen Financial to stable

S&P Global Ratings revised its outlook on Ocwen Financial Corp. to stable from negative and affirmed the B- long-term issuer credit rating on the company.

The revised outlook is based on Ocwen Financial's improving financial performance and the rating agency's expectation that the company will successfully amend and extend the senior secured term loan.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.