Foster's credit rating rethink.(Foster's Group Ltd.)(Brief Article)

Australasian Business Intelligence, April, 2005

Apr 26, 2005 (The Advertiser - ABIX via COMTEX)

Australian-listed Foster's Group may face a downgrade in its credit rating as it presses ahead with its takeover of Southcorp. Foster's currently has a credit rating of BBB-plus from Standard & Poor's. However, the ratings agency placed the alcoholic beverages group on credit watch with negative implications when the Southcorp bid was launched, and it has now warned that a downgrade to BBB-minus is likely regardless of the bid's outcome. Moody's Investors Service may also downgrade Foster's, whose shares closed $A0.04 higher on 26 April 2005, at $A5.33.

Publication Date: 27 April 2005

FOSTER'S GROUP LIMITED - ASX FGL: 

SOUTHCORP LIMITED - ASX SRP:

STANDARD AND POOR'S (AUSTRALIA) PTY...

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