trending Market Intelligence /marketintelligence/en/news-insights/trending/44dgzxb2v-dkv4r89nrsug2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

S&P upgrades video game publisher Electronic Arts on low leverage

Q&A Credit Risk Perspectives Series: COVID-19 Credit Risks and Recovery for Supply Chains

Assessing ESG Profiles And Returns Against The Broader High-Yield Sector

Virgin Media-O2 Tie Up, EC Reversal on Three-O2 to Reboot Consolidation

COVID-Era Private Credit Trends: Liquidity Covenants In, DDTLs Out

S&P upgrades video game publisher Electronic Arts on low leverage

S&P Global Ratings upgraded Electronic Arts Inc.'s corporate credit rating to BBB+ from BBB on March 20, saying the U.S. video game company was expected to maintain low leverage in 2018 and 2019.

The issue-level rating on the company's senior unsecured notes was also raised to BBB+ from BBB. The outlook was stable.

The rating agency said Electronic Arts' strong cash flow generation will keep leverage low amid continued growth in its portfolio of leading game titles and live services.

Electronic Arts' cash flow from operations is projected to be about $1.5 billion to $1.6 billion in fiscal 2019, according to S&P.

S&P also expects the video game publisher to be able to move cash back to the U.S. more efficiently due to the new tax law.

Electronic Arts could get another rating upgrade over the next one to two years by improving its business diversification, reducing its reliance on a few key titles and expanding its mobile revenue, S&P said.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings. The original S&P Global Ratings documents referred to in this news brief can be found here.