S&P revises Radio Systems view to negative

S&P said it revised the outlook for Radio Systems Corp. to negative from stable and affirmed all its ratings on the company.

“We expect FFO cash interest coverage to remain well over 4x in our base-case projections. However, the negative outlook reflects our view that the cushion on the company's credit metrics could erode if the length and severity of the economic downturn from Covid-19 becomes more pronounced than our current expectations, which include a modest rebound in the second half of 2020,” said S&P in a press release.

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