Fitch revises S.F. Holding view to stable

Fitch Ratings said it revised the outlook on S.F. Holding Co., Ltd.'s to stable from negative, affirmed the company’s issuer rating at A-.

Fitch also affirmed the senior unsecured rating and the ratings on its outstanding bonds, issued by subsidiary SF Holding Investment Ltd. at A-.

“The outlook revision to stable reflects the company's strengthening market leadership and expected deleveraging path. The company's self-operated model has allowed it to benefit from accelerated growth even during the coronavirus pandemic and related containment measures in 1Q20 and SF has made market share gains,” 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.