S&P shifts Eurotorg view to stable

S&P said it revised the outlook for Eurotorg LLC to stable from positive, citing currency risks to the Belarus-based company that pays interest on its notes in dollars.

“The stable outlook indicates our view that, over the next 12 months, Eurotorg will maintain its leading market position in Belarus. We expect the group's positive free operating cash flow will remain sound, and that the group will maintain adequate liquidity, including its ability to service the U.S. dollar debt amortizations due in 2021,” S&P said in a press release.

S&P affirmed the company’s B- rating.

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