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S&P revises GS Caltex view to negative
S&P said it revised the outlook for GS Caltex Corp. to negative from stable, because it sees increasing debt for the company.
“We revised the outlook on GS Caltex Corp. to negative because we expect the company’s planned investments amid the weakening operating environment to result in rising debt and narrow the headroom for the rating,” said S&P in a news release.
The agency affirmed Caltex’s BBB+ rating.
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