S&P downgrades Icade to BBB- with stable outlook

S&P Global Ratings downgraded Icade's long-term credit rating to 'BBB-' with a stable outlook, from 'BBB' with a negative outlook, and cut its short-term rating from 'A-2' to 'A-3'. The revised ratings are tied to financial ratio thresholds including net debt-to-capital below 50%, net debt-to-EBITDA below 11x, and interest coverage above 2.4x.

Detected & updated continuously · Source: Nebula