Fitch turns Delek U.S. outlook to stable

Fitch Ratings said it changed Delek U.S. Holdings, Inc.'s outlook to stable from negative and affirmed its long-term issuer default rating at BB-. Fitch also affirmed Delek's senior secured revolving credit facility at BB+/RR1 and the senior secured term loans at BB+/RR2.

The stable outlook reflects improved performance due to refining sector improvements and an increased demand profile. The acquisition of 3Bear in mid-year 2022 should improve its size and scale over the medium term,” Fitch said in a press release.

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