10:23 AM EST, 11/06/2026 (MT Newswires) -- Moody's changed Befesa's (BFSA.F) outlook to positive from stable, while keeping its long-term corporate family rating at Ba2, according to a Friday release. The positive outlook follows the recycling technology company's strong operating performance and anticipated contributions from a critical materials grant received from the US government. The outlook reflects Moody's expectations of a rating upgrade in the next 12 months to 18 months, subject to Befesa's credit metrics and capital allocation priorities. The rating, meanwhile, supports the company's robust business profile, dominant market position in the hazardous waste and metal recycling sector, and solid profitability levels.

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