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Fitch rates Autodata loans BB-
Fitch Ratings said it assigned a first-time rating to Project Boost Purchaser LLC, doing business as Autodata, of B.
The agency also assigned a rating of BB- to the company's $1.2 billion of first-lien secured debt, including a revolver and term loan.
“Autodata's pending acquisition of J.D. Power significantly enhances the company's scale, increasing revenue more than three-fold to nearly $475 million and roughly doubling EBITDA to $209 million post synergies on a LTM basis through June 2019,” said Fitch in a press release.
The outlook is stable.
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