Fitch rates InPost’ outlook negatively

Fitch Ratings has placed InPost’s BB+ long-term issuer and senior unsecured debt ratings on Rating Watch Negative following the announcement of a €7.8 billion recommended cash takeover offer by a consortium including Advent, FedEx, A&R, and PPF. Fitch expects the acquisition to significantly increase InPost’s financial leverage, which could lead to a downgrade of several notches.

The agency will resolve the Rating Watch once it receives clarity on the company’s post-transaction capital structure, regulatory approvals, and the deal’s completion — or confirmation that it will not proceed. Due to the planned tender process and required approvals, the review may take more than six months to conclude.

(pb.pl)