Fitch assigns Sportradar B, loan B+

Fitch Ratings said it assigned Sportradar Management Ltd. a first-time long-term issuer default rating of B.

Fitch also assigned Sportradar Capital Sarl’s €420 million senior secured term loan an expected rating of B+/RR3/56%.

“The ratings reflect Sportradar’s position as the market-leading end-to-end sports data analytics company in a rapidly growing market. The company’s solid geographic and customer diversification, along with its long tail of content coverage limit the risk of individual rights losses,” Fitch said in a press release.

The outlook is stable. The outlook reflects the expectation that organic and inorganic EBITDA growth will reduce leverage below the downgrade sensitivity of 6.5x FFO leverage within a year of completing the financing, Fitch said.

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