Fitch hikes eDreams secured rating

Fitch Ratings said it raised eDreams Odigeo SA’s senior secured rating to B from B- and revised the recovery rating to RR4 from RR5. The agency also changed the outlook to positive from stable and affirmed the issuer default rating at B.

“The positive outlook reflects eDreams' deleveraging and strong operating performance, confirming the company is on track to deliver on its targets for the fiscal year ending March 2025 (FY25). We believe the company's credit profile will be consistent with a B+ rating if it continues the successful implementation of its subscription-based model and further reduces its leverage,” Fitch said in a press release.

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