S&P puts eDreams Odigeo on watch

S&P said it placed eDreams Odigeo SA on CreditWatch with negative implications, citing the problems the global travel industry is facing because of the coronavirus pandemic.

“We plan to resolve the CreditWatch placement when we have further information on the evolution and spread of Covid-19 and can estimate for how long the outbreaks will affect the global travel industry. We will also seek more clarity regarding the extent of the liquidity stress on eDreams caused by the slump in demand for air travel,” said S&P in a press release.

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