Fitch revises CATL outlook to positive

Fitch Ratings said it revised the outlook on Contemporary Amperex Technology Co., Ltd.’s to positive from stable and affirmed the BBB+ issuer and senior unsecured ratings.

“The positive outlook reflects Fitch's expectation that CATL may trend toward neutral free cash flow (FCF) generation following its capacity ramp-up phase. We forecast leverage, measured by net debt/EBITDA, to stay within 1x, with equity funding partially offsetting negative FCF,” the agency 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.