Research Update: Live Nation Entertainment Inc. Outlook Revised To Stable From Negative On Expected Recovery In Concert Attendance - S&P Global Ratings’ Credit Research

Research Update: Live Nation Entertainment Inc. Outlook Revised To Stable From Negative On Expected Recovery In Concert Attendance

Research Update: Live Nation Entertainment Inc. Outlook Revised To Stable From Negative On Expected Recovery In Concert Attendance - S&P Global Ratings’ Credit Research
Research Update: Live Nation Entertainment Inc. Outlook Revised To Stable From Negative On Expected Recovery In Concert Attendance
Published Jul 15, 2021
7 pages (3060 words) — Published Jul 15, 2021
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings expects Live Nation Entertainment Inc.'s revenues to improve as live music events return to scale over the second half of 2021. We have revised our rating outlook on Live Nation to stable from negative and affirmed our 'B' issuer credit rating on the company. Our stable outlook on Live Nation reflects our expectation that live music event attendance will recover in the second half of 2021 and reach pre-pandemic levels in 2022 as social-distancing restrictions are lifted. This should result in leverage declining to the low-6x area in 2022 and free operating cash flow (FOCF) to debt in the mid-single-digit area. Health and safety Our stable outlook on Live Nation reflects our expectation that live music events

  
Brief Excerpt:

...- S&P Global Ratings expects Live Nation Entertainment Inc.'s revenues to improve as live music events return to scale over the second half of 2021. - We have revised our rating outlook on Live Nation to stable from negative and affirmed our 'B' issuer credit rating on the company. - Our stable outlook on Live Nation reflects our expectation that live music event attendance will recover in the second half of 2021 and reach pre-pandemic levels in 2022 as social-distancing restrictions are lifted. This should result in leverage declining to the low-6x area in 2022 and free operating cash flow (FOCF) to debt in the mid-single-digit area....

  
Report Type:

Research Update

Ticker
LYV
Issuer
Live Nation Entertainment Inc.
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Live Nation Entertainment Inc. Outlook Revised To Stable From Negative On Expected Recovery In Concert Attendance" Jul 15, 2021. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Live-Nation-Entertainment-Inc-Outlook-Revised-To-Stable-From-Negative-On-Expected-Recovery-In-Concert-Attendance-2689544>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Live Nation Entertainment Inc. Outlook Revised To Stable From Negative On Expected Recovery In Concert Attendance Jul 15, 2021. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Live-Nation-Entertainment-Inc-Outlook-Revised-To-Stable-From-Negative-On-Expected-Recovery-In-Concert-Attendance-2689544>
  
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