Thu Jul 8 CEST (4 months ago)
In your timezone (EDT): Thu Jul 8 4:00am - Thu Jul 8 5:00am
As the U.K. pubs are reopening their doors and social distancing restrictions are gradually eased, S&P Global Ratings expects operating prospects will remain tough over the medium term. The period of maximum liquidity stress may be behind us for the U.K. pub corporate securitizations and we expect the pub sector will recover to near-2019 levels by 2023.
Business models will have to evolve from a drinks-led focus to cater to a wider range of customer preferences with food as a bigger part of their offerings.
Please join senior analysts from S&P Global Ratings' European Retail team for a live interactive webcast, where they will discuss the prospects for the U.K. pub sector and credit implications.
Topics for discussion include:
• How resilient is the U.K. pub sector and what to expect during the recovery phase?
• Insights from our break-even analysis and what it indicates about resilience of the sector.
• Operating prospects across leased and tenanted and managed pub models.
• Potential for consolidation as smaller operators could exit the sector.
• Impact on real estate, with evolution of business models and pub properties.
• Spotlight on recent rating actions and reviews.
Greg M Koniowka
Director, Structured Finance
Associate Director Corporate Ratings
Director Corporate Ratings
Senior Director Corporate Ratings