Fitch Flags Negative Outlook for IG Group After Underdog Acquisition Plans
Fitch Ratings affirmed IG Group Holdings PLC and IG Markets Limited at 'BBB' but moved the outlook to Negative from Stable, citing the potential for higher medium-term leverage following IG's partly debt-funded proposed acquisition of Underdog Sports Holdings, Inc. Fitch expects the transaction to lift gross debt/EBITDA from 0.9x at end-June 2026 a…