S&P acts on three park operators

S&P said the closures of holiday parks across Europe due to Covid-19 containment measures will be detrimental for the operating performance of European holiday park operators.

“We are downgrading Richmond UK Holdco Ltd. (Parkdean Resorts) to CCC+ from B-, and assigning a negative outlook,” the agency said in a press release.

S&P also downgraded Awaze to B- from B and assigned a negative outlook. and

In addition, S&P placed its B ratings on Koos Holding Cooperatief UA (Roompot) on CreditWatch with negative implications.

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