Regular & Poor’s Rating Providers announced on April one, 2014 that it has affirmed its ‘B’ rating for Cooper Gay Swett & Crawford Ltd., but has revised its outlook on the rating to unfavorable from secure.
The ratings announcement brought an fast response from Toby Esser, CGSC Group CEO, who explained: “We are pleased with Normal and Poor’s decision to maintain CGSC’s credit rating in spite of the alter of outlook to adverse from steady.”
Esser noted that S&P’s examination of the ratings had “recognized the sturdy growth of our North America company, the positive momentum developed into 2014 by way of the lively measures we have taken and the latest interesting acquisitions we have created in the United kingdom and Australia. It also highlighted some of the volatility we have observed in the international portion of the Group.
“CGSC retains strong liquidity and alongside our supportive equity partners, important investment firepower,” Esser concluded.
Source: Cooper Gay Swett & Crawford