Moody's changes Cetin view to stable

Moody's Investors Service said it changed to stable from negative the outlook on the ratings of Cetin as. and its guaranteed subsidiary, Cetin Finance BV. Concurrently, Moody's affirmed Cetin's Baa2 issuer rating and Cetin Finance BV's Baa2 senior unsecured rating.

"Changing the rating outlook to stable reflects our expectation that the company will continue to adequately manage its liquidity in anticipation of the December 2021 bond maturity, supported by the recently signed €625 million bank back-up facility. The rating action also reflects Cetin's stable and predictable cash flow generating capacity owing to its infrastructure-based business model," said Carlos Winzer, a Moody's senior vice president and lead analyst for Cetin, in a press release.

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