Fitch turns Viterra trend to positive

Fitch Ratings said it revised Viterra Ltd.'s outlook to positive from stable.

“The positive outlook reflects Fitch's confidence that Viterra will sustain over the medium term some of the increased profits it achieved over 2021-2022 and its scope for swift deleveraging after the completion of its acquisition of Gavilon in October 2022,” Fitch said in a press release.

The agency also affirmed its BBB- ratings on Viterra and the notes issued by its wholly owned subsidiary Viterra Finance BV.

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