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Informa Plc (INFLN; Baa2/BBB-/BBB-; S) Moody's Upgrade

TECHNOLOGY
  • One-notch upgrade to Baa2 Stable, seems to be on FY23 results (released March) with Moody's adj. debt to EBITDA at 2.1x and FCF of £326m.
  • Expects it to balance shareholder returns with company stated net 1.5-2.5x leverage target. Company reported net at 1.4x to end FY23.
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  • One-notch upgrade to Baa2 Stable, seems to be on FY23 results (released March) with Moody's adj. debt to EBITDA at 2.1x and FCF of £326m.
  • Expects it to balance shareholder returns with company stated net 1.5-2.5x leverage target. Company reported net at 1.4x to end FY23.