...- Business-to-business (B2B) information and services company Infopro Digital Group B.V. recently refinanced, improving its liquidity position and maturity profile, amid a challenging environment. - Still, we expect Infopro Digital's S&P Global Ratings-adjusted debt to EBITDA will remain above 7x and its free operating cash flow (FOCF) to debt below 5% in 2021. - We are therefore affirming our 'B-' long-term issuer credit rating on Infopro Digital. We are also affirming our 'B-' issue rating on the new senior secured notes (recovery rating of '3') and our 'B+' issue rating on the upsized super senior revolving credit facility (RCF). In addition, we are withdrawing our 'B-' issue rating on the redeemed 650 million senior secured notes. - The stable outlook reflects our view that Infopro Digital's credit metrics will remain elevated in 2020-2021, with S&P-adjusted leverage reaching 12x in 2020 before reducing toward 7x in 2021, and our assumption that its operating performance will be resilient...
