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S&P affirms AssetMark Financial Holdings

S&P Global Ratings affirmed the issuer credit rating of BB+ on AssetMark Financial Holdings Inc.

The outlook is stable, reflecting the rating agency's expectation that the company will continue to grow EBITDA at a solid pace in 2019 and 2020 with no outsize debt-financed acquisitions.

S&P Global Ratings also affirmed the BB+ issue rating on the company's credit facility and first-lien 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.