Moody's alters Encore outlook to positive

Moody's Investors Service said it changed the outlook to positive from stable and affirmed the Ba2 corporate family rating of Encore Capital Group, Inc. and the Ba3 guaranteed senior secured debt rating.

“By changing the outlook on Encore to positive, Moody's acknowledged upward rating pressure due to the recent strengthening of Encore's credit profile, provided deleveraging, improved capitalization and profitability prove sustainable over the next 12-18 months. At the same time, Moody's expects some moderation in Encore's profitability and cash flow metrics as government support measures in the U.S. expire or are reduced,” the agency said in a press release.

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