News

PSIS knocking on door of investment-grade credit rating

Thursday 15th of July 2010

S&P affirmed PSIS' BB+ rating, saying the company's "low-risk and sound credit profile" underpinned the revised outlook, which gives the firm a one-in-three chance of an upgrade to BBB- over the next two years.

This comes after the collapse of the finance sector and global credit crunch sapped lenders' ability to meet their obligations, and a number of companies have had their credit...

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