S&P improves outlook on PIK Group ratings to Positive - Construction & Real Estate - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

S&P improves outlook on PIK Group ratings to Positive

MOSCOW, Nov 28 (PRIME) -- International rating agency S&P Global Ratings has improved the outlook on the ratings of Russian real estate developer PIK Group to Positive from Stable, affirming the companyТs credit rating at B+, the agency said in a statement on Thursday.

The agency expects PIK to demonstrate revenue growth and high earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2020Ц2021 thanks to the leading market position and to improvements in the diversification of income.

The adjusted net leverage of the company should stay below 3.0Ц3.5x. The agency may upgrade PIKТs rating by one notch in case it keeps its leading position and a stable income, S&P said.


28.11.2019 16:51
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