S&P Global Ratings has affirmed FTI Consulting Inc.'s BB+ corporate credit rating and revised its outlook on the company to stable from negative.
S&P said the revision reflects FTI's improved operating performance in the second half of 2017 and its expectation that the company will maintain its adjusted debt leverage below 2x over the next 12 months, a decline from the 3.3x levels in the second quarter of 2017.
S&P noted that the stable outlook reflects the expectation that the company will benefit from low single-digit percentage revenue growth while maintaining its adjusted debt leverage below 2x.
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.