S&P changes Vinte view to negative

S&P said it revised the outlook for Vinte Viviendas Integrales SAB de CV to negative from stable.

“The negative outlook on Vinte reflects the growing risks in the next 12 months because of a deepening recession and an expected rise in unemployment that will undermine housing demand. As a result, we expect revenue, EBITDA, and cash generation to contract. We could lower the ratings if net debt to EBITDA remains above 2x,” the agency said in a press release.

S&P affirmed Vinte’s BB global and mxA national scale rating.

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