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Prospect News home > News index > List of issuers F > Headlines for Finastra Ltd. > News item
Published on 4/15/2020 in the Prospect News Bank Loan Daily and Prospect News Distressed Debt Daily.

S&P downgrades Finastra

S&P said it lowered its long-term issuer credit rating on Finastra Ltd. to CCC+ from B- and the issue ratings on Finastra's debt.

The outlook is negative.

“Finastra's Q3 FY2020 results were weaker than expected, and the Covid-19 pandemic will harm results for Q4 FY2020, with a potential knock-on effect in FY2021,” S&P said in a news release.


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