- Language: English
- 92 Pages
- Published: March 2010
- Region: United Kingdom
Outlook On U.K.-Based Exova Group Revised To Negative On Weaker Cash Flow Forecasts; 'B' Long-Term Rating Affirmed Jun 11
- Published: June 2011
- Region: United Kingdom, Great Britain
- Standard & Poors
Despite difficult trading conditions in 2010, U.K.-based testing services provider Exova Group Ltd. (Exova) generated constant currency revenue growth while maintaining flat EBITDA margins. However, our forecast cash flow metrics for 2011 are weaker than we had previously anticipated. We are revising our outlook on Exova to negative from stable and affirming the 'B' long-term corporate credit rating. The negative outlook reflects our view of the currently weak credit metrics for the rating and the weaker-than-anticipated cash flow forecast for 2011. LONDON (Standard & Poor's) June 9, 2011--Standard & Poor's Ratings Services said today that it revised its outlook on U.K.-based testing services provider Exova Group Ltd. (Exova) to negative from stable. We affirmed our 'B' long-term corporate credit rating...
Companies mentioned in this report are: Exova Group Ltd.,Exova PLC
Action: Outlook: Negative
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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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Exova Group Ltd.,Exova PLC