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S&P revises Verra Mobility view to negative
S&P said it revised the outlook for Verra Mobility Corp. to negative from stable and affirmed the company’s B+ rating.
“We now expect the return in consumer spending and travel could take longer than previously expected, pressuring Verra's revenues and earnings (approximately $448.7 million and S&P Global Ratings' adjusted EBITDA $228.1 million as of 2019), and causing adjusted leverage to rise above 5x,” said S&P in a press release.
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