...May 14, 2020 - France-based B2B information and services company Infopro Digital Group B.V. is up against pressures from the cancellation of tradeshows and other face-to-face activities due to COVID-19-related social distancing and stay-at-home measures, and the group's B2B activities will likely suffer from expected high bankruptcy rates across small and midsized enterprises in the coming years. - We consequently forecast Infopro Digital will face lower-than-expected earnings and cash flow generation in 2020, driving its S&P Global Ratings-adjusted leverage above 9x and a free operating cash flow contraction toward 25 million from 45 million-50 million over the past two years. - We are therefore downgrading Infopro Digital to 'B-' from 'B', and lowering to 'B+' from '##-' our issue rating on the group's super senior revolving credit facility and to 'B-' from 'B' our rating on its senior secured debt. - The stable outlook balances our expectations that Infopro Digital's credit metrics will...
