Covid-19: S&P Global downgrades financial rating of Endeavor, parent company of IMG and the UFC

The US credit rating agency Standard & Poor's has lowered the rating of the US holding company Endeavor, parent company of the media and marketing rights agency IMG and of the UFC, on 13/04/2020. Endeavor's financial rating was downgraded from B ("highly speculative") to CCC+ ("substantial risk").

"We believe the level of financial risk could...