SLUSSony Licensed USA/Canada Software
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The revised ratings reflect SLUS and SLNY's adequate stand-alone capitalization as well as an elevated risk profile that is reflected in high levels of volatility in its reported earnings.
The ratings of SLUS and SLNY will remain under review pending discussions with the new ownership group, a review of its business plan and capitalization position post-close.
Best believes that SLUS and SLNY are well positioned at their current rating level and relative to its peers given their current run-off status for the near to medium term.