Leading global player in the food services industry. Portfolio of established brands and high contract-retention rates. Competitive and fragmented industry with low entry barriers and limited pricing flexibility. Weak economic growth in the European market. Track record of strong credit metrics. Solid free operating cash flow generation. Relatively stable and predictable revenues, margins, and cash flow due to low capital requirements. "Strong" liquidity position. The stable outlook on the U.K.-based multinational food services group Compass Group PLC reflects Standard&Poor's Ratings Services' view that the group will continue its solid operating performance and maintain adjusted debt to EBITDA below 2x in the medium term, and adjusted funds from operations (FFO) will trend toward 45%. We could consider lowering the
