Avison Young (Canada) Inc. Outlook Revised To Stable From Negative On Improving EBITDA Cash Interest Coverage

For the rolling 12 months ended Sept. 30, 2021, Avison Young (Canada) Inc.'s EBITDA cash interest coverage improved to about 1.0x versus 0.1x at year-end 2020. As a result, we revised the outlook on Avison Young to stable from negative and affirmed our 'B-' issuer credit and issue ratings. The stable outlook reflects our expectation that over the next 12 months EBITDA coverage of cash interest will be 1.0x-2.0x and that Avison Young will maintain adequate liquidity. NEW YORK (S&P Global Ratings) Dec. 7, 2021--, S&P Global Ratings said today it revised the outlook on Avison Young (Canada) Inc. to stable from negative. We affirmed our ratings at 'B-'. At the same time, we affirmed our 'B-' rating on the

...December 7, 2021 - For the rolling 12 months ended Sept. 30, 2021, Avison Young (Canada) Inc.'s EBITDA cash interest coverage improved to about 1.0x versus 0.1x at year-end 2020. - As a result, we revised the outlook on Avison Young to stable from negative and affirmed our 'B-' issuer credit and issue ratings. - The stable outlook reflects our expectation that over the next 12 months EBITDA coverage of cash interest will be 1.0x-2.0x and that Avison Young will maintain adequate liquidity. NEW YORK (S&P Global Ratings) Dec. 7, 2021--, S&P Global Ratings said today it revised the outlook on Avison Young (Canada) Inc. to stable from negative. We affirmed our ratings at 'B-'. At the same time, we affirmed our 'B-' rating on the senior secured term loan due 2026. The '3' (50%) recovery rating indicates our expectation of a meaningful recovery in an event of default. The outlook revision follows improved EBITDA coverage of cash interest as operating performance has rebounded due to favorable...

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