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UDC gets downgraded on sale news
Thursday 12th of January 2017
S&P Global Ratings has lowered its credit rating on UDC Finance from A- to BBB, and this rating remain on CreditWatch with negative implications, meaning it is more likely to be downgraded in the future than lifted.
The downgrade reflects S&P's opinion that the likelihood of timely support from UDC's ultimate owner, ANZ, has reduced following the announcement of its sale to the p...
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