S&P boosts Prosus

S&P said it boosted its ratings for Prosus NV and the company’s issue ratings to BBB from BBB-.

“Over the past few years Prosus has demonstrated a conversative approach in managing its leverage with our S&P Global Ratings-adjusted loan-to-value (LTV) ratio remaining well below 5%. Although pursuing its ambitious growth agenda, which we expect will increase debt incrementally, the holding declared its aim to maintain a defensive capital structure that should translate into a gross LTV ratio below 10%,” S&P said in a press release.

The outlook is stable.

© 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.