Moody’s upgrades Oyo parent Prism outlook to positive
In short
Moody’s changed the outlook on OYO parent Prism to positive from stable and kept the B2 corporate family rating. It said OYO may keep earning more cash and improve its finances over the next 12 to 18 months.
This matters for OYO and investors ahead of a possible IPO. The report says EBITDA may rise to about ₹3,000 crore, but it does not say when the listing will happen.
What the reporting says
Moody’s revised the outlook on IPO-bound OYO parent Prism to positive from stable and reaffirmed its B2 corporate family rating, according to publisher summaries. The rating action was linked to expectations that OYO will sustain stronger earnings and free cash flow over the next 12-18 months, supporting deleveraging while keeping liquidity very good. The reporting also says Moody’s expects EBITDA to reach around ₹3,000 crore, though the listing timeline remains unstated.
Why it matters
Moody’s revised the outlook on IPO-bound OYO parent Prism to positive from stable while reaffirming the company’s B2 corporate family rating. The agency said the change reflects expectations of stronger earnings and free cash flow over the next 12-18 months, with better deleveraging and very good liquidity. A separate summary says Moody’s expects EBITDA to rise to around ₹3,000 crore. The exact IPO timing is not stated.