We expect traffic safety and tolling and rental car and fleet management services provider Verra Mobility Corp. (Verra) to face greater-than-expected performance headwinds due to the ongoing uncertainty regarding the extent of the pandemic's effects on economic activity and the timeline for a rebound in travel. We now expect the return in consumer spending and travel could take longer than previously expected, pressuring Verra's revenues and earnings (approximately $448.7 million and S&P Global Ratings' adjusted EBITDA $228.1 million as of 2019), and causing adjusted leverage to rise above 5.0x. We are revising our outlook on Verra to negative from stable and affirming our 'B+' issuer credit rating on the company. The negative outlook reflects our expectation that a slower-than-expected recovery
