Fitch revises Vista Global view to stable

Fitch Ratings said it revised Vista Global Holdings Ltd.’s outlook to stable from negative and affirmed its B issuer rating. Fitch also affirmed the senior unsecured rating on the $550 million 10½% notes due 2024 issued by XO Management Holding, Inc. and VistaJet Malta Finance plc at B+/RR3. The bonds are guaranteed by Vista as well as XO Group Holding Ltd. and VistaJet Group Holding Ltd. and their main subsidiaries.

The outlook revision is driven by Vista's relatively strong performance in 2020 despite pandemic-related restrictions and a decline in demand, which was less significant than that experienced by commercial airlines, Fitch said.

© 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.