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S&P ups Power Sector Assets view to positive
S&P said it revised its outlook on Power Sector Assets & Liabilities Management Corp. (Psalm) to positive from stable.
At the same time, the agency affirmed its BBB long-term issuer credit rating on Psalm, an electricity generation and transmission asset management company based in the Philippines.
“The outlook revision follows our revision of the outlook on the Philippines to positive. Our revision of the sovereign rating outlook reflects our view that improvements to the Philippines' policymaking settings could support a track record of more sustainable public finances and balanced growth over the next 24 months,” S&P said in a news release.
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