| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers G > Headlines for Global Power Synergy PCL > News item |
S&P changes Global Power Synergy view
S&P said it revised the outlook on Global Power Synergy PCL to negative from stable.
At the same time, the agency affirmed the BBB- long-term issuer credit rating.
S&P said it revised the outlook because it expects the proposed acquisition of Glow Energy PCL to substantially increase Global Power Synergy's leverage, creating some uncertainty around the combined entity's long-term tolerance for debt.
“Based on GPSC's indicated funding mix, we estimate that the company's debt-to-EBITDA ratio will increase to close to 5x in 2019,” the agency said in a news release.
© 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.