S&P revises Vinci view to stable

S&P said it revised the outlook on Vinci SA and its subsidiaries to stable from positive, citing travel restrictions imposed to curtail the spread of the coronavirus.

“The stable outlooks reflect our expectation that under our revised base case, and despite the ongoing traffic disruption, Vinci's diversity of earnings, ratio headroom, liquidity buffer and financial flexibility could help absorb the negative consequences of the pandemic and allow the group to maintain S&P Global Ratings-adjusted funds from operations to debt above 20% over 2020-2022,” said S&P in a press release.

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