Financial services company Standard and Poor’s (S&P) have reduced Inter’s financial bond rating down to a B+ as highlighted by Italian news outlet Calcioefinanza.it.
Due to the Coronavirus pandemic, S&P have revised Inter’s €300 million bond rating downwards and also assigned a negative CreditWatch rating to it. The bond could even be further revised downward given the current crisis situation.
As a result of the pandemic, Inter are missing out on a lot of revenue, especially when it comes to match day revenue from tickets and hospitality.
S&P state that they do not expect the loss of revenue to pose a threat to Inter’s ability to honour its main interests and payments however the loss of revenue will result in reduced liquidity.
They also warn that there is a risk that Inter could lose out on sponsorship revenue when it comes to agreements being renewed as sponsors may cut back on spending as a result of the pandemic.
