S&P shifts Exor view to stable

S&P said it changed the outlook for Exor NV to stable from positive.

“The stable outlook reflects our view that Exor can maintain its LTV ratio below 20% over a sustained period. This is supported by the company’s very balanced financial policy, and management’s commitment to maintain sufficient headroom under the LTV ratio in case,

it is affected by adverse market conditions,” said S&P in a press release.

The agency also affirmed Exor’s BBB+ ratings.

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