S&P revises Vivo Energy view to stable

S&P said it revised the outlook for Vivo Energy plc to stable from positive.

“The outlook revision reflects our view that Vivo Energy’s credit metrics – including FOCF to debt – will improve at a more moderate rate than we previously anticipated. FOCF to debt could gradually increase toward our 25% ratings upside threshold, but we forecast that Vivo Energy may not achieve this before 2021. We previously expected this metric to exceed the threshold by the end of 2020,” said S&P in a press release.

S&P also affirmed its BB- rating on Vivo.

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