Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for OCP SA > News item |
Fitch revises OCP view to stable
Fitch Ratings said it revised the outlook on OCP SA’s to stable from negative and affirmed the issuer default and senior unsecured ratings at BB+.
“The rating action follows the recent downgrade of the sovereign. OCP’s rating incorporates a one-notch uplift to the same rating as the Moroccan government (BB+/stable), its 94% direct shareholder, from its stand-alone credit profile (SCP) of bb reflecting the overall moderate to strong linkage between the company and Morocco in accordance with Fitch’s government-related entities (GRE) rating criteria,” Fitch said in a press release.
© 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.