Fitch revises Idemia view to stable

Fitch Ratings said it revised Idemia Group SAS' outlook to stable from negative and affirmed the group's senior secured rating at B+/RR3.

“The revision of the outlook reflects Fitch's expectation that free cash flow (FCF) will turn positive in 2022 and remain neutral to positive throughout 2023-2024, with EBITDA leverage of around 5x. These metrics are in line with the thresholds for the B rating,” the agency said in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.