S&P puts Leader Invest on watch

S&P said it placed the ratings for Leader Invest JSC and Etalon LenSpetsSMU JSC on CreditWatch with negative implications.

“We see an increasing risk that we may downgrade both companies. This is due to higher anticipated group leverage, following weaker-than-expected operating performance in 2019 and first-quarter 2020, and a slowdown of the company´s operations amid the Covid-19 pandemic,” said S&P in a press release.

S&P said it aims to resolve the placement within the next couple of months.

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