S&P cuts Thomas Cook outlook to "negative" after profit warning
Share:
LONDON (Reuters) - Credit ratings agency S&P Global revised its outlook for British tour operator Thomas Cook to "negative" from "stable" on Thursday after the company reported a sharp fall in earnings and cut its profit forecast earlier this week.Analysts at S&P, who have a "B+" issuer credit rating on Thomas Cook, said they revised their outlook down to reflect "significant deterioration" in operating performance, cash flow generation, and credit metrics."We expect full-year 2019 to be..