Official: Financial conditions improve, rating agencies raise Barcelona s credit capacity rating
The agency said in a statement released today: "The outlook from stable to positive is based on improved financial performance by Barcelona clubs over the past two seasons, as well as the higher revenues brought by the club's return to Spotify Camp Nou and further improvement expectations driven by effective cost control measures between UEFA and La Liga. Morningstar DBRS expects the club to generate positive free cash flow and demonstrate deleveraging capabilities."
Morningstar DBRS is a well-known independent credit rating service provider serving businesses, governments, financial institutions, as well as financing projects and structures. It is regarded as one of the four major rating agencies around the world, especially proficient in the Canadian, US and European market assets.
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