Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers P > Headlines for Pacific International Lines Pte. Ltd. > News item |
S&P cuts Pacific International outlook to negative
Standard & Poor's said it revised its rating outlook on Pacific International Lines (Pte.) Ltd. to negative from stable.
At the same time, the BBB- long-term corporate credit rating on Pacific International was affirmed, S&P said.
In 2007, the agency said that Pacific International reported revenues of $3.56 billion with net income of $291.7 million after minority interests and the recent joint venture with PSA Singapore Terminals Pte. Ltd. in the operations and management of ports and terminal in Singapore is small compared with Pacific International's existing activities and thus there is no rating impact.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.