S&P revises Sibur view to negative

S&P said it revised the outlook for PJSC Sibur Holding to negative from stable and affirmed its BBB- rating.

“We revised the outlook on Sibur because we believe the group's free cash flow will be considerably weaker in full-year 2020 than we previously expected,” S&P said in a press release.

The agency said it now sees Sibur’s revenue down by 20%-25% and earnings declining 35%-40% in 2020, compared to its previous forecast.

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