Fitch revises PRISM outlook to positive and affirms B ratings
In short
Fitch has changed Oyo parent PRISM’s outlook to Positive and kept its B ratings. The agency says leverage is improving, cash generation is stronger and revenue is growing, and it expects EBITDA leverage to fall to 3.8x by FY28.
This matters because a better outlook can support confidence in PRISM’s credit profile. The report does not say when any IPO will happen or how much debt could be repaid.
What the reporting says
Fitch Ratings revises Oyo parent PRISM’s outlook to Positive from Stable and affirms its B ratings, according to publisher-supplied market summaries. The agency cites improving leverage, stronger cash generation and sustained revenue growth, and expects EBITDA leverage to fall to 3.8x by FY28. It also says further deleveraging could follow if IPO proceeds are used for debt repayment, but no IPO size or timing is stated.
Why it matters
Fitch Ratings has revised PRISM’s outlook to Positive while affirming its B ratings. The rating action is tied to improving leverage, stronger cash generation and sustained revenue growth, with an expectation that EBITDA leverage may fall to 3.8x by FY28. The reporting also notes that IPO proceeds could be used for debt repayment, but the size and timing of any such IPO are not stated.