| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers P > Headlines for PIK Group > News item |
S&P changes PIK Group view
S&P said it revised the outlook on JSC PIK Group to stable from negative and affirmed the B corporate credit rating.
The agency said the outlook revision reflects PIK's strong pre-sales and cash flow collections in the first nine months of 2017 as well as its adequate liquidity position.
“We also understand that PIK is in the process of repaying part of its gross debt with available cash balances and operating cash flow in the fourth quarter of 2017. Therefore, we expect debt to EBITDA of 4x by end-2017,” S&P said in a news 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.