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S&P rates Isabel Marant B-
S&P said it assigned B- ratings to IM Growth SAS, the holding company for Isabel Marant, and its senior secured debt.
“We anticipate lower EBITDA for Isabel Marant because of Covid-19 lockdown measures will be mitigated by the company's flexible cost structure, so adjusted debt to EBITDA should peak at about 7.5x-8x this year,” said S&P in a press release.
The outlook is negative.
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