Tear Sheet: Bright Horizons Family Solutions Inc. - S&P Global Ratings’ Credit Research

Tear Sheet: Bright Horizons Family Solutions Inc.

Tear Sheet: Bright Horizons Family Solutions Inc. - S&P Global Ratings’ Credit Research
Tear Sheet: Bright Horizons Family Solutions Inc.
Published Nov 13, 2023
6 pages (2661 words) — Published Nov 13, 2023
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

The company?s performance was further supported by incremental contributions from Only About Children, improved utilization in its backup care segment, contributions from its sales to new clients, and increased utilization by its existing clients. We believe these factors will continue to support positive momentum for Bright Horizons for the remainder of fiscal year 2023 and into 2024, leading to a mid-teen percent increase in its revenue for the full year and a high mid-single-digit percent rise in 2024. While the company's enrollment continues to improve, its centers are still operating below pre-COVID-19 enrollment levels. The ongoing labor market challenges have negatively affected the operating environment for early childhood education providers in the U.S. and international markets. We believe these factors,

  
Brief Excerpt:

...Foreign currency issuer credit rating ##-/Stable/-- Local currency issuer credit rating ##-/Stable/-- Business risk Fair Country risk Very Low Industry risk Intermediate Competitive position Fair Financial risk Significant Cash flow/leverage Significant Anchor ## Diversification/portfolio effect Neutral (no impact) Capital structure Neutral (no impact) Financial policy Neutral (no impact) Liquidity Adequate (no impact) Management and governance Fair (no impact) Comparable rating analysis Negative (-1 notch) Stand-alone credit profile ##-...

  
Report Type:

Full Report

Ticker
Issuer
GICS
Education Services (25302010)
Sector
Global Issuers
Country
Region
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Tear Sheet: Bright Horizons Family Solutions Inc." Nov 13, 2023. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-Bright-Horizons-Family-Solutions-Inc-3087916>
  
APA:
S&P Global Ratings’ Credit Research. (). Tear Sheet: Bright Horizons Family Solutions Inc. Nov 13, 2023. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-Bright-Horizons-Family-Solutions-Inc-3087916>
  
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