S&P revises Aston Martin view to negative

S&P said it revised its outlook on Aston Martin Lagonda (AML) to negative from stable and affirmed the B long-term issuer credit rating on the company.

S&P said it also affirmed the B issue ratings on the company’s senior secured notes. The recovery rating is 3, reflecting an expectation of meaningful recovery (50%-70%; rounded estimate: 50%) in the event of default.

Although the company continues to exhibit strong volume and revenue growth, with an expected improvement in profitability and cash flows going forward, it is exposed to rising geopolitical risks, including those associated with a potential no-deal Brexit and new U.S. tariffs, S&P said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.