| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers L > Headlines for Life Time Inc. > News item |
S&P lifts Life Time view to positive
S&P said it revised its outlook for Life Time Inc. to positive from stable and affirmed its CCC+ ratings.
“We believe Life Time's center memberships will increase considerably through at least the end of 2022, and that it will cover its fixed charges with EBITDA in the second half of 2022. Under our base-case forecast, we expect the company to end 2022 with dues-paying center memberships up in the mid-teens percent area compared to 2021, or down in the low-teens area compared to 2019,” S&P said in a press release.
The outlook reflects an expectation Life Time could bring leverage below the 7.5x upgrade threshold, the agency said.
© 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.