Fitch raises GSPC to A(ind)

Fitch Ratings said it upgraded GSPC Gas Co. Ltd.'s national long-term rating to Fitch A(ind) from Fitch A-(ind). The outlook is stable.

The upgrade reflects the improvement in GSPC Gas' financial leverage in FY11 and Fitch's expectation that the company will sustain this leverage profile over medium term due to its robust operating cash flows, despite the ongoing second-phase capex plan which is likely to be completed by mid-FY14, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.