S&P upgrades BenefitMall

S&P said it upgraded BMC Acquisition Inc. (BenefitMall) and its senior secured credit facility ratings to B- from CCC+.

“The upgrade reflects BMC's improved liquidity and good market position as a national outsourced provider of employee benefits and services. The company has executed its strategic transformation initiative, and we now expect it will maintain adequate liquidity over the next 12 months,”

The outlook is negative.

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