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S&P puts VeriFone on watch
Standard & Poor's said it placed the BB- corporate credit rating on VeriFone Inc. on CreditWatch with negative implications.
"The action reflects our concern that weakening global economic and business conditions will impede VeriFone's ability to achieve and sustain further improvements in its operating performance and leverage profile," S&P analyst Martha Toll-Reed said in a statement.
The company's debt-to-EBITDA ratio is about 5.3x.
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