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Global push puts Ajinomoto at risk of further downgrade
Published Fri, Mar 13, 2015 · 09:50 PM
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Singapore
AJINOMOTO Co's global acquisitions push has drawn a warning of a further credit rating downgrade, as sales of monosodium glutamate flag in Japan.
The maker of food seasonings was cut by one level to A+ in December by Standard & Poor's after its debt-funded US$800 million purchase of the US frozen food producer Windsor Quality Holdings LP.
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