S&P changes Getty view to stable

S&P said it revised Getty Images Inc.’s outlook to stable from negative and affirmed its ratings, including its B- issuer rating.

The revision reflects the view that positive operating trends will continue over the next 12 months as the economy recovers with increased advertising spending and postponed sports and entertainment events return, the agency said.

“While we forecast a low-single-digit percent revenue decrease for 2020, adjusted EBITDA is forecasted to increase modestly at 2% because of cost reductions in response to the pandemic,” S&P said in a press release.

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