Outlook On Three Philippine Companies Revised To Positive From Stable Following Sovereign Outlook Revision Dec 11
- ID: 2034190
- December 2011
- Region: Philippines
- Standard & Poors
SINGAPORE (Standard & Poor's) Dec. 16, 2011--Standard & Poor's Ratings Services today revised the outlooks on the following three Philippine companies to positive from stable and affirmed the ratings: Outlook revision/Ratings affirmed Power Sector Assets & Liabilities Management Corp. (PSALM) To From Corporate credit rating Foreign currency BB/Positive/-- BB/Stable/-- Local currency BB+/Positive/-- BB+/Stable/-- National Power Corp. (Napocor) Corporate credit rating Foreign currency BB/Positive/-- BB/Stable/-- Local currency BB+/Positive/-- BB+/Stable/-- Philippine Long Distance Telephone Co. (PLDT) Corporate credit rating Foreign currency BB+/Positive/-- BB+/Stable/-- ASEAN regional scale axBBB+/-- axBBB+/-- We also affirmed all the issue ratings on the companies' outstanding rated debt. We revised the outlooks after taking similar action earlier today on the outlook on the sovereign credit rating on the Republic...
Companies mentioned in this report are: Power Sector Assets & Liabilities Management Corp.,National Power Corp.,Philippine Long Distance Telephone Co.
Action: Outlook: Positive
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Research type: News
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