STANDARD & Poor's Ratings Services (S&P) has raised its corporate credit rating on YTL Power International Bhd to BBB from BBB- and affirmed the BBB+ rating on its wholly-owned British unit Wessex Water Services Ltd. The outlook for both is stable.
“The rating upgrade reflects YTL Power's successful integration of Wessex, which it acquired in May 2002,” S&P said in a statement.
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