S&P: PTT Exploration view up to stable

Standard & Poor's said it revised the outlook on PTT Exploration and Production PCL to stable from negative.

At the same time, S&P affirmed its BBB+ long-term corporate credit rating and axA+ long-term Asean regional scale ratings on PTT Exploration.

The agency also affirmed its BBB+ issue ratings on the senior unsecured notes that PTT Exploration guarantees.

"We revised the outlook on PTTEP to stable to reflect our view that the company's capital structure and leverage ratios are now commensurate with the rating and will remain at these levels for the next two years," S&P credit analyst Andrew Wong said in a news release.

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