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S&P assigns BBB+ to PTT Exploration notes
Standard & Poor's said it assigned its BBB+ issue rating to a proposed issue of senior unsecured notes by PTT Exploration and Production PCL (PTTEP).
The issue rating reflects the long-term corporate credit rating on PTTEP (BBB+/stable/--; axA+/--). The corporate credit rating reflects the company's bbb+ stand-alone credit profile and S&P's view of a moderately high likelihood of extraordinary support from the government of Thailand.
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