trending Market Intelligence /marketintelligence/en/news-insights/trending/lifpnjdhnt1_akv1zvr4mg2 content esgSubNav
In This List

S&P revises ConvergeOne outlook to positive

Video

According to Market Intelligence, December 2022

Podcast

Private Markets 360° | Episode 1: The role of ESG in Private Equity

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Blog

Investment Research Coverage of Inflation and Recession-Focused Topics on the Rise


S&P revises ConvergeOne outlook to positive

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.