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Moody's: Multiplan outlook positive
Moody's Investors Service said it changed the outlook of Multiplan, Inc. to positive and affirmed the B2 corporate family rating.
The change in outlook reflects strong interest coverage and cash flow generation for the rating, substantial progress with debt repayment, and Moody's expectation that free cash flow will continue to improve in relation to debt even in an environment where revenues are likely to be pressured by economic weakness generally, and higher unemployment in particular, the agency said.
The rating remains constrained by lack of organic growth in a mature niche within the health care management market, the company's relatively small size, relatively high leverage and history of acquisitions, according to Moody's.
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