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Prospect News home > News index > List of issuers L > Headlines for Limak Iskenderun Uluslararasi Liman Isletmeciligi AS > News item |
Fitch turns LimakPort view to negative
Fitch Ratings said it removed its ratings for Limak Iskenderun Uluslararasi Liman Isletmeciligi AS (LimakPort) from rating watch negative and assigned a negative outlook. The agency also affirmed the B rating on its $370 million in senior secured notes.
“The negative outlook reflects uncertainties over the insurance payments and remaining capital expenditure (capex), coupled with the operating environment and the development of competition in the catchment area, which may increase pressure on medium- and longer-term debt service coverage metrics,” Fitch said in a press release.
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