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DBRS: Newalta trend positive
DBRS said it changed the trend on the BB (low) issuer rating of Newalta Corp. to positive from stable.
The trend change reflects the fact that the company has performed above expectations, with operating performance almost returned to pre-recession levels, according to the agency.
In addition, the company has made progress in strengthening its business profile by growing and increasing profitability of its onsite business, the agency said.
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