M&A Remains A Key Risk for PTTGC’s Deleveraging

PTT Global Chemical Public Company Limited’s (PTTGC, AA+(tha)/Negative) strong free cash flow(FCF) generation should support its ability to reduce leverage quickly following the acquisition of Allnex Holding GmbH (Allnex), but another large debt-funded acquisition could jeopardise the deleveraging prospects, Fitch Ratings says in a new report. Fitch expects PTTGC’s FFO net leverage to increase to […]

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