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| Prospect News home > News index > List of issuers C > Headlines for Cervecerķa Nacional Dominicana, SA > News item |
S&P lifts Cerveceria Nacional view to positive
Standard & Poor's said it revised the outlook on Cerveceria Nacional Dominicana SA to positive from stable.
The agency also said it affirmed the company's B corporate credit and senior unsecured debt ratings.
The outlook revision reflects an expectation that the company's focus on improving its debt maturity profile and reducing debt will succeed, S&P said.
This, along with an expectation of modestly higher EBITDA levels, will result in an improvement of the company's leverage, the agency said.
It will continue generating a steady level of cash flow, which will allow it to continue funding its capital expenditures, S&P added.
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