Fitch shifts HollyFrontier view to stable

Fitch Ratings said it affirmed HollyFrontier Corp.'s long-term issuer default rating and senior unsecured notes at BBB- and revised the outlook to stable from negative.

“The main drivers for the revision to stable outlook include the company's better-than-expected financial performance, driven by a strong performance in lubricants and specialty products, as well as more moderate improvements in refining, progress in completing its renewables expansion program (about half of spending is now complete), and the size, scale, and diversification benefits of recently announced acquisitions,” Fitch said in a press release.

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