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S&P cuts Equifax's rating

S&P Global Ratings downgraded Equifax Inc.'s issuer credit rating to BBB from BBB+, reflecting weaker-than-expected operating performance and deleveraging.

The rating agency expects to see modest improvement in operating performance and debt leverage by 2020.

The outlook is negative, reflecting the possibility that large fines, settlement payments and adverse regulatory actions related to the 2017 data breach or unexpected operational challenges could negatively affect deleveraging or profit margin improvement.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.