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Higher commodity prices the key to improving Papua New Guinea credit ratings, says Standard & Poor’s Global Ratings - Business Advantage PNG
High debt and deficit levels are the reasons why ratings agency Standard & Poor's (S&P) has kept its Papua New Guinea country rating at B+/B, with a negative outlook. S&P Director, Craig Michaels, tells Business Advantage PNG higher commodity prices are the key to lifting the rating.
Kevin McQuillan