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Prospect News home > News index > List of issuers A > Headlines for Anacap Financial Europe SA > News item
Published on 5/28/2020 in the Prospect News High Yield Daily.

S&P cuts AnaCap Financial Europe

S&P said it lowered the ratings for AnaCap Financial Europe SA and its notes to B from B+.

“We expect AFE’s financial metrics to deteriorate significantly in 2020 to levels no longer commensurate with the B+ rating level. We expect the group’s leverage in 2020 to deteriorate significantly to about 9.6x-9.8x debt to EBITDA from 4.2x at year-end 2019. This EBITDA metric includes amortization of principal from collections,” said S&P in a press release.

The outlook is stable.


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