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Fitch revises OMV view to stable
Fitch Ratings said it affirmed OMV AG's long-term foreign-currency issuer default rating at A- and revised the outlook to stable from negative.
The agency expects that in 2017-2019 OMV's funds from operations (FFO) adjusted net leverage will average 1.9 times (end-2016: 1.9 times) and FFO fixed charge cover - 8.5 times (2016: 8 times), in line with rating guidance.
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