S&P shifts Qurate view to stable

S&P said it changed Qurate Retail Inc.’s outlook to stable from negative and affirmed all its ratings, including the BB- issuer rating.

“We expect the company's stable operating performance in 2021 and ongoing shareholder returns to lead to steady credit measures. In 2020, Qurate outperformed our revenue growth and margin expectations across its businesses and we now expect it to maintain leverage in the high 3x area, which compares with our previous expectations at the onset of the pandemic for a slower recovery and higher leverage,” S&P said in a press release.

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