Fitch revises IDG view to stable,

Fitch Ratings said it revised the International Design Group SpA's outlook to stable from negative and affirmed the issuer rating and senior secured notes at B.

“The revision of the outlook reflects a lower than expected increase in leverage, which remained within the parameters consistent with the B rating in 2020, and our expectation that FFO gross leverage will remain below our threshold for a downgrade through the cycle. Limited revenue decline and overall stability in EBITDA support this resilient performance,” Fitch said in a press release.

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