S&P lifts Gulf Finance House

Standard & Poor's said it raised the long- and short-term counterparty credit ratings on Gulf Finance House GSC to CCC-/C from SD/SD (selective default).

The outlook is negative.

"The rating action follows GFH's completion of the partial extension of maturity of a $100 million facility," S&P analyst Goeksenin Karagoez said in a statement.

© 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.