Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for HT Global IT Solutions Holdings Ltd. > News item |
Fitch revises HT Global view to negative
Fitch Ratings said it affirmed HT Global IT Solutions Holdings Ltd.'s long-term foreign- and local-currency issuer default ratings at BB- and revised the outlook to negative from stable. The agency also affirmed the rating on HT Global's $368 million of 7% senior secured notes due 2021 at BB-.
“The negative outlook reflects the higher refinancing risks for the bond that matures in July 2021 given tight capital market conditions in the near term, and Fitch's expectation that HT Global's proportionately consolidated FFO net leverage will remain high due to slower revenue growth arising from the economic effects of the coronavirus pandemic,” the agency 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.