Research Update: Livingston International Inc. Outlook Revised To Negative On Lower Anticipated Trade Volumes - S&P Global Ratings’ Credit Research

Research Update: Livingston International Inc. Outlook Revised To Negative On Lower Anticipated Trade Volumes

Research Update: Livingston International Inc. Outlook Revised To Negative On Lower Anticipated Trade Volumes - S&P Global Ratings’ Credit Research
Research Update: Livingston International Inc. Outlook Revised To Negative On Lower Anticipated Trade Volumes
Published Mar 30, 2020
5 pages (2225 words) — Published Mar 30, 2020
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

We believe Livingston International Inc. will underperform against our previous expectations for 2020 as global economic conditions weaken resulting in lower trade volumes. As a result, on March 30, 2020, S&P Global Ratings revised its outlook on Livingston to negative from stable. At the same time, S&P Global Ratings affirmed its ratings on Livingston, including its 'B-' long-term issuer credit rating on the company. The negative outlook reflects S&P Global Ratings' view that the likelihood of a downgrade has increased given its expectation for Livingston to generate near-breakeven free operating cash flow (FOCF) this year with reduced flexibility to cover fixed costs. Livingston provides customs brokerage and compliance services in North America, for which demand is driven in part by

  
Brief Excerpt:

...- We believe Livingston International Inc. will underperform against our previous expectations for 2020 as global economic conditions weaken resulting in lower trade volumes. - As a result, on March 30, 2020, S&P Global Ratings revised its outlook on Livingston to negative from stable. - At the same time, S&P Global Ratings affirmed its ratings on Livingston, including its 'B-' long-term issuer credit rating on the company. - The negative outlook reflects S&P Global Ratings' view that the likelihood of a downgrade has increased given its expectation for Livingston to generate near-breakeven free operating cash flow (FOCF) this year with reduced flexibility to cover fixed costs....

  
Report Type:

Research Update

Issuer
Livingston International Inc.
GICS
Air Freight & Logistics (20301010)
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: Livingston International Inc. Outlook Revised To Negative On Lower Anticipated Trade Volumes" Mar 30, 2020. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Livingston-International-Inc-Outlook-Revised-To-Negative-On-Lower-Anticipated-Trade-Volumes-2404082>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Livingston International Inc. Outlook Revised To Negative On Lower Anticipated Trade Volumes Mar 30, 2020. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Livingston-International-Inc-Outlook-Revised-To-Negative-On-Lower-Anticipated-Trade-Volumes-2404082>
  
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