Fitch revises Energo-Pro view to stable

Fitch Ratings said it revised Energo-Pro as' outlook to stable from negative while affirming the company's long-term issuer default rating at BB-

The outlook change reflects the company's improved financial performance and our expectation that funds from operations (FFO) net leverage (adjusted for connection fees and guarantees) will remain below our negative rating sensitivity of 5.5x over 2022-2025, although with limited rating headroom. We expect interest coverage to be under pressure from 2024 when the company would need to refinance its maturing Eurobond, as the cost of debt is assumed to be higher,” Fitch said in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.