Recovery trade

Category: ABS

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Pub credit quality to diverge amid changing consumer behaviour

The UK pub sector has been one of the most severely affected areas of hospitality during the last 15 months. However, despite the turmoil during the pandemic, panelists participating in a recent S&P webinar expect a recovery to return to this sector within the next two years.

“It will take even longer to return to 2019 leverage levels and we expect these levels to return by 2023,” one webinar panelist confirmed.

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