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Prospect News home > News index > List of issuers I > Headlines for IRPC PCL > News item
Published on 3/12/2013 in the Prospect News Emerging Markets Daily.

S&P: IRPC on CreditWatch negative

Standard & Poor's said it placed its BBB- long-term corporate credit rating on IRPC PCL on CreditWatch with negative implications.

S&P also placed its axA- long-term Asean regional scale rating on the company and its BBB- issue rating on its senior unsecured bonds on CreditWatch with negative implications.

"The CreditWatch placement reflects our view that IRPC's financial risk profile and cash flow adequacy ratios could remain weak in 2013, following a very weak financial performance in 2012," S&P credit analyst Xavier Jean said in a news release.


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