S&P revises Kantar view to negative

S&P said it changed the outlook for Kantar Global Holdings Sarl to negative from stable and affirmed the company’s B rating as well as the CCC+ rating on its senior unsecured notes.

“The negative outlook reflects our view that the Covid-19 pandemic will hit Kantar's revenue, earnings, and cash flow, and delay deleveraging,” S&P said in a press release.

The agency said it sees Kantar’s adjusted leverage remaining very high at 7x-9.5x this year and next. “Previously, we expected leverage of about 7.0x in 2020, reducing toward 6x-6.5x from 2021,” S&P said.

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