Fitch alters Atento Luxco view to stable

Fitch Ratings said it changed the outlook to stable from negative for Atento Luxco 1, Atento Luxco and Atento Brasil SA. The agency affirmed Atento Luxco 1’s long-term foreign-currency issuer default rating at B+, Atento Luxco’s $500 million of senior secured notes due 2026 at B+/RR4 and Atento Brasil's long-term national scale rating at A-(bra).

“The outlook revision reflects Fitch's expectation of a gradual recovery of Atento's top line, positive trends for hard currency revenues and an extended debt amortization profile. Atento's medium-term challenges continue to be recovery of operating margins and improved diversification in an operating environment pressured by technology changes and varied market dynamics,” the agency said in a press release.

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