S&P Global Ratings expects that coronavirus-related travel restrictions will inhibit traffic safety and tolling provider Verra Mobility Corp. from reducing leverage to below 4x. As a result, we are revising our outlook to stable from positive and affirming our 'B+' issuer credit rating on the company. The stable outlook reflects our expectation that despite anticipated revenue declines, Verra's stable margins, cost containment measures, and adequate liquidity will allow it to manage a temporary period of weak operational performance related to reduced travel. S&P Global Ratings acknowledges a high degree of uncertainty about the rate of spread and peak of the coronavirus outbreak. Some government authorities estimate the pandemic will peak about midyear, and we are using this assumption in assessing
