S&P changes Ericsson outlook to positive

S&P said it revised the outlook for Ericsson (Telefonaktiebolaget LM) to positive from stable, on the company completing most of its cost-saving initiatives and improving revenue growth prospects.

“The positive outlook reflects the possibility of a one-notch upgrade in the next 12 months if Ericsson’s adjusted EBITDA margin exceeds 10% and its FOCF after lease payments exceeds Swedish krona (SEK) 9 billion in the next 12–18 months,” said S&P in a press release.

S&P affirmed the BB+ ratings on Ericsson and the issue ratings on its debt.

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