The Economic Times

Fitch revises PRISMs outlook to positive, cites improving leverage and stronger cash generation

Fitch Ratings has revised Oyo parent PRISMs outlook to Positive from Stable while affirming its B ratings, citing improving leverage, stronger cash generation and sustained revenue growth. The agency expects EBITDA leverage to fall to 3.8x by FY28 and sees potential for further deleveraging if IPO proceeds are used for debt repayment.