Fitch revises Mytilineos view to negative

Fitch Ratings said it revised the outlook on Mytilineos SA to negative from stable and affirmed the company’s and senior unsecured ratings at BB.

“The revision of the outlook reflects the weak macro environment with prolonged low commodity prices, material pressure on aluminum consuming industries, the expected underperformance of engineering, procurement and construction (EPC) business and uncertainties around the coronavirus situation/shape of the recovery,” Fitch said in a press release.

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