trending Market Intelligence /marketintelligence/en/news-insights/trending/qODiPPb-dtarSGwx28FePw2 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

In This List

S&P revises Realogy Group outlook

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


S&P revises Realogy Group outlook

S&P Global Ratings revised its ratings outlook on Realogy Holdings Corp. subsidiary Realogy Group LLC to negative from stable, citing a weak U.S. housing market and high leverage.

The rating agency also affirmed its ratings on the real estate services provider, including its issuer credit rating at BB-.

S&P attributed the outlook revision to the sharp decrease in home sales volume and increasing costs, along with levered share buybacks in 2018, which resulted in weaker performance than expected.

The negative outlook mirrors S&P's expectation that the company's leverage is highly likely to peak to the mid-5x area in the first half.

According to the rating agency, Realogy's rating factors in its leading position in the U.S. residential real estate market, extensive portfolio of brokerage brands, robust national footprint, and sizable revenue and EBITDA base. Partially counterbalancing these factors is a market that is characterized as highly competitive with low barriers to entry and demonstrates high levels of revenue and EBITDA volatility over the economic cycle.

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.