S&P revises Posco to stable

S&P said it revised its outlook on Posco to stable from negative and affirmed the company’s BBB+ long-term corporate credit rating the BBB+ long-term issue ratings on its senior unsecured notes.

"We revised the outlook to stable because we expect Posco will modestly improve its operating and financial performance over the next one to two years," S&P credit analyst Jun Hong Park said in a news release.

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