S & P boosts Integer Holdings ’ outlook

Integer Holdings (NYSE:ITGR) said it has received a positive outlook and a reaffirmed B+ long-term issuer credit rating from Standard & Poor’s (S&P). The positive outlook, which was revised from stable, is based on Integer’s debt reduction and expected future targeted debt-to-adjusted EBITDA leverage ratio between 2.5X – 3.5X. S&P also cited Plano, Texas-based Integer’s customer relationships, array of product offerings and competitive advantage as the industry consolidates its supplier base with larger medical device manufacturers. S&P also hinted at an upgrade if Integer demonstrates consistent long-term leverage in the targeted range. Get the full story on our sister site, Medical Design & Outsourcing. The post S&P boosts Integer Holdings’ outlook appeared first on MassDevice.
Source: Mass Device - Category: Medical Devices Authors: Tags: Blog Business/Financial News Contract Manufacturing News Well Wall Street Beat integer S&P Source Type: news