Fitch revises Allwyn outlook to stable

Fitch Ratings said it revised the outlook on Allwyn International as (Sazka Group) to stable from positive and affirmed the issuer rating at BB-.

“The revision of the outlook reflects our updated view of Allwyn's leverage trajectory following the refinancing announcement. The company has adopted a more shareholder-friendly policy and forecasts higher cash outflows outside the restricted group for 2023-2025. This leads to some pressure on the free cash flow (FCF) margin,” the agency said in a press release.

Fitch noted its updated forecast considers €1.4 billion of payments to shareholders from 2023 to 2025.

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