We believe revenue declines from the COVID-19 pandemic have bottomed, and New York-based WW International Inc.'s operating performance and credit metrics will improve in the coming quarters. We now forecast the company will end 2021 with leverage in the low- to mid-4x area compared to our previous expectation of nearly 5x due to disruptions from the pandemic. We affirmed our ratings on the company, including our 'B+' issuer credit rating, and revised the outlook to stable from negative. The stable outlook reflects our expectation that WW's operational performance will improve from continued robust digital subscriber growth and better member retention that will offset ongoing weakness in its workshop business such that it sustains leverage in the low – to mid
