TRIS gives Petroleum Trading Lao a negative outlook
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TRIS Rating has affirmed the company rating of Petroleum Trading Lao Plc at BB and revised PTL’s rating outlook from stable to negative.
TRIS said the negative outlook reflects PTL’s lower-than-expected financial performance, caused by a lower marketing margin and higher operating expenses from re-export fuel trading.
TRIS has withdrawn the company rating of PTL at PTL’s request.
As a result, the rating previously assigned to PTL will no longer be monitored from the date of this announcement.
