We expect positive revenue prospects and solid cash generation will continue to support Nexi SpA's deleveraging path in the next couple of years. We also anticipate Nexi will maintain a more conservative acquisition strategy than its historical debt-funded deals, which should help reduce cash outflows notwithstanding the recently announced shareholder remuneration policy. We therefore raised our long-term issuer credit rating and issue rating on Nexi and its debt to 'BBB-' from 'BB+'. The stable outlook reflects our view that our measure of Nexi's leverage will remain below 3x in the next couple of years. The stable outlook reflects our view that our measure of Nexi's leverage will remain below 3x in the next couple of years. This is based on
