S&P: CoreLogic outlook negative

Standard & Poor's said it affirmed the BB corporate credit rating on CoreLogic Inc. and revised the outlook to negative from stable.

The outlook revision reflects the company's decision to evaluate options to enhance shareholder value and the resulting uncertainty regarding the company's financial policies and financial profile, according to the agency.

"Our corporate credit rating incorporates our expectation that CoreLogic's leadership position in key markets will support consistent profitability, and that leverage will remain in the 3x area, despite lower expected earnings in fiscal 2011," S&P analyst Martha Toll-Reed said in a statement.

"However, the company's recent decision to evaluate options to enhance shareholder value could jeopardize our assumptions," she added.

Adjusted debt-to-EBITDA ratio was about 3x as of June 30.

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