Fitch: Hemas view to positive

Fitch Ratings said it affirmed Hemas Holdings plc’s outstanding senior unsecured debentures rating at A+(lka).

The agency also said it assigned to the company a national long-term rating of A+(lka) and revised its outlook to positive from stable.

The outlook revision reflects expectations of an improved business risk profile and stronger earnings growth, Fitch said, owing to the company’s expansion of its core businesses in the health care and fast-moving consumer goods sectors.

The positive outlook also is supported by expectations that the group is likely to improve its leverage on a sustained basis to less than 2x following the divestment of its power business, despite significant investments within its core segments, the agency said.

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