Moody's: GS Caltex's robust 2016 results are credit positive; rating unaffected
Hong Kong, February 10, 2017-- Moody's Investors Service says that GS Caltex Corporation's robust operating results for 2016 are credit positive, but will not immediately affect the company's Baa2 senior unsecured rating and the stable outlook on the rating. "GSC's earnings grew significantly in 2016," says Wan Hee Yoo, a Moody's Vice President and Senior Analyst. "Over the next 1-2 years, we expect that its profitability will fall moderately-- absent inventory gains-- but still...
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