S&P lifts Posco view to positive

S&P said it revised the outlook on Posco to positive from stable.

The agency also said it affirmed the company's BBB+ long-term issuer credit rating and the BBB+ long-term issue rating its senior unsecured notes.

S&P said it revised the outlook to reflect an expectation that Posco is likely to maintain strong operating performance and positive free cash flows over the next 12- to 24-months.

The company is likely to generate strong and stable operating cash flows from its steel business over the next two year, the agency said.

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