S&P downgrades Infopro

S&P said it downgraded Infopro Digital Group BV and its senior secured debt to B- from B and lowered the super senior revolver to B+ from BB-.

“With 24% of its revenue derived from face-to-face activities, of which 15% come from tradeshows, Infopro Digital’s operating performance will likely be significantly hit in 2020 by the Covid-19-related social distancing and stay-at-home initiatives,” S&P said in a press release.

The outlook is stable.

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