S&P changes ams view to positive

S&P said it revised its outlook on ams AG to positive from negative and affirmed its BB- long-term issuer credit rating on the company.

“We believe deleveraging at ams AG will accelerate after the company announced the sale of its horticulture lighting systems business, Fluence, for $272 million in 2022. This sale is part of ams' plan to divest noncore and low-profitability assets, and we believe additional transactions are forthcoming,” S&P said in a news release.

The positive outlook reflects the possibility of an upgrade if ams deleverages further, S&P said.

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