Deerfield Duff Phelps, LLC Ratings Placed On CreditWatch Negative On Pending Acquisition Of Kroll LLC

Stocks and Financial Services Press Releases Wednesday March 14, 2018 09:36
NEW YORK--14 Mar--S&P Global Ratings

NEW YORK (S&P Global Ratings) March 13, 2018--S&P Global Ratings today placed its ratings, including the 'B' corporate credit rating, on Deerfield Duff & Phelps, LLC on CreditWatch with negative implications.

The CreditWatch placement reflects Duff & Phelps' announcement that it has entered into a definitive agreement to acquire Kroll LLC. The acquisition price and funding is currently not available. However, we expect the acquisition could increase adjusted debt leverage above our 6.5x threshold for the 'B' rating.

We will resolve the CreditWatch placement within the next 90 days once we have additional details about the acquisition, including the financing terms and the potential impact on the company's business, synergies, pro forma leverage, and the combined company's cash flow generation.

Latest Press Release

KTC joins hands with partners to launch new payment method Garmin Pay.

Mrs. Pittaya Vorapanyasakul (right center), Executive Vice President - Credit Card Business, "KTC" or Krungthai Card Public Company Limited together with Mr. Krairop Luang U-Thai (left center), General Manager, GIS Company Limited, Miss Aileen Chew...

Photo Release: Newly redesigned K-Cash Connect Plus website to facilitate business customers

Mr. Silawat Wantivisat, KBank Executive Vice President, introduced the newly redesigned K-Cash Connect Plus website, which is more user-friendly for business customers to facilitate their online financial transactions and data verification with greater...

Newly redesigned K-Cash Connect Plus website to facilitate business customers

K-Cash Connect Plus website has been redesigned to be more user-friendly, focusing on online financial transactions and financial data verification with greater convenience and speed. The website now supports all types of browsers, without the...

Bangkok Bank showcases #B-Advice at #SET in the City 2018 and joins with partners and subsidiaries to help customers build long-term wealth in a digital age

Bangkok Bank joins with its business partners and subsidiaries to offer a variety of financial and investment products to answer the needs of customers in a digital age at 'SET in the City 2018'. These products include 'B-Advice', financial investment...

Photo Release: SCB wins Global Finances Worlds Best in Social Media Marketing and Services and Best Consumer Digital Bank in Thailand Awards

Siam Commercial Bank recently received world class honors for its lifestyle banking leadership at Global Finance's World's Best Digital Bank Awards 2018, where the bank won awards for World's Best in Social Media Marketing and Services and Best Consumer...

Related Topics