Fitch revises Oyo parent's outlook to positive, sees potential deleveraging

Fitch Ratings has revised the outlook on OYO parent Oravel Stays' long-term foreign and local-currency issuer default ratings (IDRs) to 'positive' from 'stable', reflecting its view that OYO will deleverage driven by EBITDA growth. The parent entity of the hospitality major has been re-named to PRISM from 'Oravel Stays'. Fitch has also affirmed the rating on the USD 830 million...