S&P revises Verra Mobility view to stable

S&P said it revised its outlook to stable from positive on Verra Mobility Corp. and affirmed its B+ issuer credit rating on the company.

S&P said it expects that coronavirus-related travel restrictions will inhibit traffic safety and tolling provider Verra Mobility from reducing leverage to below 4x.

“The stable outlook reflects our expectation that despite anticipated revenue declines, Verra's stable margins, cost containment measures, and adequate liquidity will allow it to manage a temporary period of weak operational performance related to reduced travel,” S&P said in a news release.

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