Fitch revises Koks outlook to positive

Fitch Ratings said it revised the outlook of PJSC Koks to positive from stable while affirming the group's B long-term foreign- and local-currency issuer default ratings. The agency also affirmed IMH Capital DAC's senior unsecured notes rating at B/RR4.

“The outlook revision is driven by our expectations of the company's stronger cash flow generation and debt reduction in the next three years, leading to deleveraging below or around our positive rating sensitivity of 3x in 2021-2024,” Fitch said in a press release.

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