Search
 

Open Solutions Does Not Share S&P’s Negative Outlook

Open Solutions Inc.s outlook on its immediate future differs than that of one of the leading raters of debt.While continuing its B corporate credit rating on the privately held core processing company, Standard & Poors said it has downgraded its outlook to negative from stable, reflecting uncertainty as to the...

By Marc Rapport | Updated on January 31, 2012
This wallet share app is one of many now available for users of Open Solutions’ DNA core processing platforms.

Open Solutions Inc.’s outlook on its immediate future differs than that of one of the leading raters of debt.

While continuing its “B” corporate credit rating on the privately held core processing company, Standard & Poor’s said it has downgraded its outlook “to negative from stable, reflecting uncertainty as to the timing and degree of an operational turnaround.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.