Sasa Polyester Downgraded: Debt and Liquidity Concerns
Update: 2025-10-20
Description
Sasa Polyester's debt woes deepen! Fitch Ratings just downgraded the Turkish polyester giant, raising serious concerns about its ability to manage a massive debt pile amid a challenging market. Facing negative cash flow, covenant breaches, and production hiccups, Sasa is scrambling for solutions, including potential bond offerings, while relying on lender support to navigate a looming liquidity crunch. Is this a temporary setback or a sign of deeper trouble for the major manufacturer?
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