S&P upgrades Logwin

S&P said it raised the long-term issuer credit rating on Logwin AG to BB+ from BB.

The upgrade reflects Logwin's resilient operating performance translating into sustainable free cash flows, the agency said, along with its established and consistent track record of conservative balance-sheet management.

Logwin continues to demonstrate a positive EBITDA trajectory and cash accumulation, S&P said, while keeping its credit measures consistent with a BB+ rating

The agency said it believes Logwin will maintain its prudent financial policy and generate excess cash flows, enhancing the company's resilience against potential adverse trading conditions.

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