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S&P lifts outlook on UK-based Cabot Financial

S&P Global Ratings on June 12 revised the outlook on U.K.-based Cabot Financial Ltd. to positive from stable, while affirming its long-term issuer credit rating at B+.

The outlook revision reflects S&P's view that the company is well-placed to continue strengthening its position in the U.K. debt collection market and grow further in other European countries. The positive outlook indicates that the agency could raise Cabot Financial's ratings in the next six to 18 months if the company continues to demonstrate controlled growth.

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.