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Adecco Group (ADENVX; Baa1/BBB+ Neg) S&P goes to neg. outlook on macro weakness

CONSUMER CYCLICALS

S&P has put it on neg. outlook ahead of Q2 results in 3 weeks (6th of August) stating;

"The negative outlook reflects our expectation that the challenging economic environment could weigh on Adecco's operating performance and delay deleveraging, resulting in adjusted leverage of more than 2x on a sustained basis."

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S&P has put it on neg. outlook ahead of Q2 results in 3 weeks (6th of August) stating;

"The negative outlook reflects our expectation that the challenging economic environment could weigh on Adecco's operating performance and delay deleveraging, resulting in adjusted leverage of more than 2x on a sustained basis."

Keep reading...Show less