NEW YORK (S&P Global Ratings) May 4, 2020--S&P Global Ratings believes that COVID-19 will affect every one of Comcast Corp.'s business segments to varying degrees. Both its NBCUniversal (NBCU) and Sky units could see material revenue and EBITDA declines and even its core cable operations could see some weakness. Still, our ratings on the company are currently unaffected under our base case of midyear virus containment and a recovery starting in the second half of 2020. This is based on our expectation for still-solid performance at its cable operations and healthy free cash flow generation. While adjusted leverage could rise modestly above our 3x threshold for the rating in 2020 due to a decline in consolidated EBITDA, we still expect
