S&P places S4 Capital on watch

S&P said it placed S4 Capital plc’s BB- ratings on CreditWatch with negative implications.

S4 Capital delayed the publication of its audited annual report for the financial year ending Dec. 31, 2021, having twice delayed its preliminary accounts, stating its auditors required more time to complete their work. On May 5, the group reported it will release preliminary results on May 6.

“We expect that this could provide clarity on the reasons for the initial delays and a revised timeline for the publication of its audited annual accounts,” S&P said in a press release.

The agency said it aims to resolve the CreditWatch placement once it has more clarity on the reasons for and the implications of the delay in the publication of S4 Capital's audited accounts, and once its reassessed the group's management and governance.

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