S&P affirms Petrol’s BBB- rating with stable outlook – Slovenia, 21 March 2017

Rating agency Standard & Poor’s announced that it has affirmed its BBB-/A-3 long-term and short-term corporate credit ratings with stable outlook on Slovenian energy company Petrol.
The statement from S&P said that the stable outlook on Petrol reflects the agency’s expectations of stable profitability and positive cash flow generation after dividends, with leverage remaining at current levels or below. The affirmation reflects the management’s process to deleverage the business in line with the previous base-case scenario. In 2016, Petrol reported net debt to EBITDA ratio of 2.6, which is in line with the company’s financial policy of net debt to EBITDA ratio between 2 and 2.5 over the medium term. S&P assesses the financial risk profile as intermediate.

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