Fitch turns Eviosys view to positive

Fitch Ratings said it raised the outlook for Titan Holdings II BV (Eviosys) to positive from stable and affirmed its B long-term issuer default rating.

“The revision of the outlook reflects Eviosys's significantly better-than-expected performance in 1H22 with strong pricing leading to higher revenue, profitability and cash flow generation expectations for 2022. This should translate into lower-than-expected, albeit still high, leverage metrics. Eviosys' ability to sustain the improved profitability and leverage in 2H22 and 2023, despite inflation and potential energy availability challenges, will be key for the IDR,” Fitch said in a press release.

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