Fitch revises OCI view to stable

Fitch Ratings said it revised OCI NV's outlook to stable from negative while affirming the chemical group's long-term issuer default rating at BB.

Fitch also affirmed its senior secured rating at BB. The recovery rating is RR4.

“The outlook revision to stable reflects our expectations that funds from operations (FFO) net leverage will return to below our negative sensitivity of 4.5x from 2021, supported by production run-rates and stronger fertiliser and methanol prices after their 2020 trough,” Fitch said in a news release.

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