S&P Global Ratings has affirmed its B corporate credit rating on ConvergeOne Holdings Inc. and revised the outlook to positive from stable.
S&P said the outlook revision reflects the company's positive operating momentum as it realizes synergies from recent acquisitions and generates stable organic growth as a new publicly traded company, while balancing the integration efforts of its merger with Forum Merger Corp. and other recent acquisitions.
The positive outlook reflects S&P's expectation that ConvergeOne will maintain operating trends and improve free cash flow while successfully integrating recent acquisitions into the newly merged company.
This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings. The original S&P Global Ratings documents referred to in this news brief can be found here.