- Published: January 2011
Research Update: Italy-Based Gruppo Espresso Outlook Revised To Stable On Improved Profitability; 'BB' Rating Affirmed
- Published: July 2010
- Standard & Poors
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Product Type: Research Update
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Italy-based newspaper and magazine publisher Gruppo Editoriale L'Espresso SpA (Gruppo Espresso) increased its advertising revenues and operating performance for the second consecutive quarter. We believe that the group's profitability and credit measures are likely to significantly improve by year-end 2010. We are therefore revising the outlook on Gruppo Espresso to stable from negative. The stable outlook reflects our view that Gruppo Espresso is likely to reach and maintain credit ratios and profitability levels in line with the current ratings from year-end 2010. On July 26, 2010, Standard & Poor's Ratings Services revised its outlook on Italy-based newspaper and magazine publisher Gruppo Editoriale L'Espresso SpA (Gruppo Espresso) to stable from negative. At the same time, the 'BB' long-term corporate credit and...
Companies mentioned in this report are: Gruppo Editoriale L'Espresso SpA,CIR-Compagnie Industriali Riunite SpA
Action: Outlook: Stable
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Gruppo Editoriale L'Espresso SpA,CIR-Compagnie Industriali Riunite SpA
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