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S&P stabilizes Trinidad Petroleum view
S&P said it revised its outlook for Trinidad Petroleum Holdings Ltd. and Heritage Petroleum Co. to stable from negative and affirmed their BB ratings.
The stable outlook follows a similar action by the agency on Trinidad & Tobago on Thursday, S&P said.
“This is mainly given that the ratings on TPHL reflect the potentially very high likelihood of extraordinary government support under stress conditions,” S&P said in a press release.
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