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Following the U.S tariff announcements in April, ���������ֳ� reviewed about 35 rating actions in its Privately Monitored Ratings (PMR) portfolio between February and April. The analysis covered rating affirmations and downgrades, excluding changes from major acquisitions, divestitures, restructurings and upgrades. The median 2025 revenue forecast declined by 3%, while EBITDA remained flat. The 2026 forecasts showed less variability, with a 2% median revenue decline and unchanged EBITDA.

This abstract may have been generated in whole or in part using artificial intelligence and is therefore subject to error and inaccuracy, including but not limited to, hallucination. Further disclaimer can be found