...- While the economic downturn triggered by the coronavirus pandemic is weighing on the financial performance of Visa Inc., we expect the company's strong market position and good financial management to allow it to maintain its long track record of high margins and low leverage. - We expect the company's leverage to be higher in fiscal years 2020 and 2021 compared with 2019 but to remain around or below 1x, depending largely on the duration and severity of the downturn, the strength of the rebound, and the extent of its shareholder distributions. - As a result, we are affirming our '##-/A-1+' long- and short-term issuer credit ratings on Visa. - The stable outlook reflects our expectation Visa will maintain low leverage and robust liquidity without any major disruption at least in the next two years from technological advancement, litigation, or regulation....
