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AWB finance downgraded as monopoly disappears
25 Jun 2008
AWB's financing arm has been placed on credit watch by ratings agency Standard and Poors following the removal of the wheat single desk. AWB Harvest Finance is likely to lose its' A1+ rating and fall back to A1 or even A2 if AWBHF becomes more dependent on AWB's corporate credit risk. S&P's BBB- rating and negative outlook for AWB remain unchanged.
Business Spectator, 25/6/2008
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