S&P revises DeloPorts view to positive

S&P said it revised the outlook to positive from stable on OOO DeloPorts.

The agency affirmed the B+ long-term issuer credit rating.

“We believe that DeloPorts' credit metrics are set to improve meaningfully above our previous forecast, with funds from operations (FFO) to debt reaching 31%-33% in 2018, mainly due to growth in container and grain handling volumes,” S&P said in anews release.

“How sustainable that is will depend on macroeconomic factors, ongoing high capital expenditure (capex), and dividend payouts.”

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