Fitch changes Techem view to stable

Fitch Ratings said it revised Techem Verwaltungsgesellschaft 674 mbH's outlook to stable from negative.

Fitch also affirmed the company’s long-term issuer default rating at B and affirmed the senior secured instruments ratings at B+/RR3.

“The outlook revision reflects a faster-than-forecast reduction in leverage. This is paired with the proven resilience of Techem's business model,” Fitch said in a news release.

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