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Endeavor's Credit Rating Gets Downgraded on Live Events Exposure

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hollywoodreporter.com
hollywoodreporter.comhollywoodreporter.com:

S&P Global Ratings on Monday reduced its credit rating for Endeavor Operating Co. over concerns for its high-borrowing strategy and exposure to the bottom dropping out of its live events market as a result of a global pandemic. "Federal guidelines in the U.S.

for social distancing will remain in place at least until April 30, extending the possibility for a prolonged downturn for event- and entertainment-based businesses," the ratings agency warned in an investors note.

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