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S&P shifts 3i view to positive
S&P said it revised its outlook on 3i Group plc to positive from stable. “We are revising our outlook on 3i to positive from stable, reflecting our view that we could raise the ratings if the company sustains its conservative financial policy, consistent operating performance even if we do not expect the repeated high cash returns of recent years, and if risks related to the concentration and illiquid nature of the investment portfolio do not materially increase further,” said S&P in a press release.
The agency affirmed its BBB long-term issuer credit rating and BBB ratings on the company's senior unsecured debt, following the implementation of the new criteria for alternative investment funds. S&P also removed the ratings from under criteria observation.
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