| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for Astra Acquisition Corp. > News item |
S&P snips Anthology
S&P said it lowered its ratings on Anthology (Astra Acquisition Corp.) to CCC+ from B- and its senior secured debt to B- from B.
“We expect Astra Acquisition Corp.'s (doing business as Anthology) credit metrics will be weaker than we previously forecast and anticipate it will materially miss its budget projections in fiscal year 2023. We now forecast its free operating cash flow (FOCF) to debt will decline to the negative 8% area for fiscal year 2023,” the agency said in a press release.
The outlook is negative.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.