Fitch revises PRISM’s outlook to positive, cites improving leverage and stronger cash generation
Fitch Ratings has revised Oyo parent PRISM’s outlook to Positive from Stable while affirming its ‘B’ ratings, citing improving leverage, stronger cash generation and sustained revenue growth. The agency expects EBITDA leverage to fall to 3.8x by FY28 and sees potential for further deleveraging if IPO proceeds are used for debt repayment.
Key Takeaways
- Fitch Ratings has revised Oyo parent PRISM’s outlook to Positive from Stable while affirming its ‘B’ ratings, citing improving leverage, stronger cash generation and sustained revenue growth.
- The agency expects EBITDA leverage to fall to 3.8x by FY28 and sees potential for further deleveraging if IPO proceeds are used for debt repayment.
- Full details and original dispatch available below.
Fitch Ratings has revised Oyo parent PRISM’s outlook to Positive from Stable while affirming its ‘B’ ratings, citing improving leverage, stronger cash generation and sustained revenue growth. The agency expects EBITDA leverage to fall to 3.8x by FY28 and sees potential for further deleveraging if IPO proceeds are used for debt repayment.
Original Publisher Attribution
This summary was curated from Economic Times.