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Prospect News home > News index > List of issuers A > Headlines for Amadeus IT Group SA > News item
Published on 6/2/2020 in the Prospect News Investment Grade Daily.

S&P cuts Amadeus IT Group

S&P said it downgraded the ratings for Amadeus IT Group SA to BBB- from BBB and removed them from CreditWatch with negative implications.

“We anticipate material weakening of Amadeus’ credit metrics for the next couple of years. For 2020, we estimate negative adjusted credit metrics, due to expected negative adjusted EBITDA,” S&P said, citing the effect of the pandemic on air travel.

The outlook is negative.


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