S&P changes VistaJet outlook

S&P said it revised its outlook to positive from stable on VistaJet Group Holding Ltd. and its core subsidiaries, VistaJet Malta Finance plc and VistaJet Co. Finance LLC.

The agency affirmed the B- issuer credit ratings on all three entities.

S&P also affirmed the CCC+ issue-level ratings on the $300 million senior notes issued by VistaJet Malta and VistaJet Co. Finance and guaranteed by VistaJet Group.

The agency said the positive outlook reflects a view that VistaJet's discretionary cash generation should increase materially this year, with limited forecast cash outflows for capital expenditures, following the company's fleet expansion over the last four years.

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