Fitch turns Nuuday outlook to stable

Fitch Ratings said it revised its outlook for Nuuday A/S to stable from negative and finalized the B issuer default rating and the BB-/RR2 ratings on the company’s €500 million term loan.

“The revision in the outlook follows the revision of parent DKT Holdings ApS’ (DKT) outlook to stable from negative. Nuuday's stand-alone credit profile (SCP) of b is limited to one notch above the b- consolidated credit profile of DKT combined with Nuuday,” Fitch said in a press release.

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