Research Update: Avison Young (Canada) Inc. Outlook Revised To Stable From Negative On Improving EBITDA Cash Interest Coverage - S&P Global Ratings’ Credit Research

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

Research Update: Avison Young (Canada) Inc. Outlook Revised To Stable From Negative On Improving EBITDA Cash Interest Coverage - S&P Global Ratings’ Credit Research
Research Update: Avison Young (Canada) Inc. Outlook Revised To Stable From Negative On Improving EBITDA Cash Interest Coverage
Published Dec 07, 2021
5 pages (2233 words) — Published Dec 07, 2021
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

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. On Dec. 7, 2021, S&P Global Ratings 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

  
Brief Excerpt:

...- 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....

  
Report Type:

Research Update

Ticker
3119269Z@CN
Issuer
Avison Young (Canada) Inc.
Sector
Global Issuers
Country
Canada
Region
Canada
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Avison Young (Canada) Inc. Outlook Revised To Stable From Negative On Improving EBITDA Cash Interest Coverage" Dec 07, 2021. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Avison-Young-Canada-Inc-Outlook-Revised-To-Stable-From-Negative-On-Improving-EBITDA-Cash-Interest-Coverage-2767570>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Avison Young (Canada) Inc. Outlook Revised To Stable From Negative On Improving EBITDA Cash Interest Coverage Dec 07, 2021. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Avison-Young-Canada-Inc-Outlook-Revised-To-Stable-From-Negative-On-Improving-EBITDA-Cash-Interest-Coverage-2767570>
  
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