Fitch revises LSR Group view to positive

Fitch Ratings said it revised the outlook on PJSC LSR Group’s long-term foreign currency issuer default rating to positive from stable and affirmed the issuer default rating at B.

The agency also affirmed the senior unsecured rating of the outstanding bonds issues at B/RR4.

“The revision of the outlook reflects the expected deleveraging trend due to the reduction in the working capital outflow and subsequent positive free cash flow (FCF) generation,” Fitch said in a news release.

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