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LSR Group

November 2, 2018

Fitch Ratings confirms B rating of LSR Group. Outlook positive

Fitch Ratings has affirmed the Long-Term Foreign-Currency Issuer Default Rating (IDR) of OJSC LSR Group at B and changed the Outlook to Positive from Stable. Fitch has also affirmed the senior unsecured rating of the outstanding bonds issues at B/RR4. 

The change in the outlook reflects the expected deleveraging trend due to the reduction in the working capital outflow and subsequent positive Free Cash Flow generation.

Fitch expects a reduction in the working capital outflow for LSR over 2019-2021, as the company is due to finish the required investments into its largest projects; the associate infrastructure spend for these large scale projects were the main reason for the significant working capital outflows in the past few years.

For more information please contact:
LSR Group Press Service
E-mail: press@lsrgroup.ru
www.lsrgroup.ru 

 

 

 

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