S&P ups PSA view to stable

Standard & Poor's said it revised the outlook to stable from negative on PSA International Pte. Ltd. and subsidiary, PSA Corp. Ltd.

The agency also said it affirmed the AA long-term corporate credit rating on the companies, along with its cnAAA Greater China scale rating and the AA rating on the company's senior secured notes.

The outlook revision is due to an improvement in its operating performance following a rebound in international trade volumes stemming from a stabilization of global economic growth, S&P said.

The agency said it believes PSA's financial performance will continue to improve.

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