Fitch revises Flutter outlook to stable

Fitch Ratings said it revised the outlook on Flutter Entertainment plc to stable from negative and affirmed the long-term issuer default rating at BBB-. The agency also affirmed the BBB ratings on Flutter Financing BV’s term loans.

The revision of the outlook reflects Fitch's view that there is high certainty about margin improvement and organic deleveraging due to increased profitability in the U.S. business segment. The stable outlook is also based on Fitch's expectations that Flutter will adhere to its conservative financial policy until its leverage targets are met,” the agency said in a press release.

Fitch said it sees the U.S. segment delivering positive low-to-mid single-digit margins in 2023, developing towards low double-digits by 2025.

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