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The revision in outlook reflects the possibility of better-than-expected business risk profile, if the improvement in operating profitability in fiscal 2024, across power generation and distribution business, sustains along with a continuing healthy financial performance with consolidated net leverage (ratio of net debt to EBIDTA) remaining within rating threshold, it said.
The Luzon grid is again facing a potential shortfall in power supply this summer, with yellow alerts possible beginning next week, the Manila-based Institute for Climate and Sustainable Cities announced yesterday.