Fitch alters Nitrogenmuvek view to positive

Fitch Ratings said it revised Nitrogenmuvek Zrt's outlook to positive from stable and affirmed the company's long-term issuer default rating at B-.

“The positive outlook reflects Nitrogenmuvek's outperformance of our 1H20 forecast, a strong liquidity profile and our expectation that the company will be able to maintain its leverage metrics in line with our positive rating sensitivity on a through-the-cycle basis, despite forecast rising gas prices and planned plant turnarounds every three years,” Fitch said in a press release.

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