16 Jul 2010

Credit rating agency upgrades PSIS outlook

4:11 pm on 16 July 2010

Credit rating agency Standard and Poor's has upgraded PSIS's rating outlook from stable to positive.

Standard and Poor's credit analyst, Peter Sikora, says the co-operative's BB+ long-term rating may be raised if it continues to successfully manage its low-risk and sound-credit profile through 2011, at a time when the sector is expected to come under pressure.