Vista Global Called It Equity. S&P Calls It Debt. The Downside Is Now on the Record.

S&P Global Ratings affirmed Vista Global Holding at B+ this week while keeping the outlook negative. But let’s not mistake a held rating for a clean bill of health. The agency’s own FFO-to-debt threshold, the metric it uses to anchor a B+ rating, is still being missed. S&P now conditions the B+ on Vista achieving […]