Fitch Turns Positive on PRISM as Leverage Improves and Cash Flow Strengthens
Fitch Ratings has revised the outlook on PRISM, the parent of Oyo, to Positive from Stable while affirming its 'B' ratings, citing improving leverage, stronger cash generation and sustained revenue growth. The agency said the company could deleverage further if any future IPO proceeds are directed toward debt repayment, with EBITDA leverage projected to ease to 3.8x by FY28.
