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NZ dairy giant Fonterra at risk of credit downgrade, says S&P

Fri, Aug 14, 2015 - 5:50 AM

Wellington

STANDARD and Poor's said on Thursday New Zealand's Fonterra, the world's largest dairy exporter, was at risk of a credit downgrade due to its high debt levels and a global price slump, concerns the cooperative said it is already addressing.

The ratings agency's move...

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