...- On Aug. 12, 2020, S&P Global Ratings assigned its '##-' issuer credit rating to Denver, Colorado-based home services digital market place company ANGI Homeservices Inc. - We also assigned our '##-' issue-level and '4' recovery ratings to ANGI Group, LLC a directly wholly-owned subsidiary of ANGI Homeservices Inc, the issuer of the proposed $500 million unsecured notes due 2028. - The company will use proceeds from the proposed issuance for general corporate purposes, including mergers and acquisitions, and return to shareholders. - The stable outlook reflects the benefits flowing from secular consumer trends toward online purchases, including for home service professionals. We expect revenue to grow more than 10% in 2020 driven by growth in service professionals and fulfilled service requests despite social-distancing and economic challenges caused by the pandemic. Strong pro forma liquidity will enable ongoing investment and growth without the need to raise additional capital. Also,...
