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S&P Credit Research728 word report
published Dec 14, 2007
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S&P Credit Research
| Abstract: | SINGAPORE (Standard&Poor's) Dec. 14, 2007—Standard&Poor's Ratings Services said today it affirmed its 'B-' corporate credit ratings and issue ratings on Thailand's integrated pulp and paper company, Advance Agro Public Co. Ltd. (Advance Agro), and removed them from CreditWatch, where they were placed with negative implications on Nov. 9, 2007. The outlook is negative. The ratings were initially placed on CreditWatch after the announcement of the company's corporate restructuring and delisting plan. This rating action is based on the anticipated longer time horizon for Advance Agro to execute its restructuring plan. The negative outlook reflects uncertainties on Advance Agro's financial and business strategies and potential further weakening of the company's financial flexibility and transparency post-privatization. The current
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| Brief Excerpt: | RESEARCH Ratings Definitions 'B-' Rating On Advance Agro Public Co. Ltd. Affirmed With Negative Outlook; Taken Off Watch Publication date: 14-Dec-2007 Primary Credit Analyst: Yasmin Wirjawan, Singapore (65) 6239-6302; yasmin_wirjawan@standardandpoors.co...
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| Report Type: | Ratings Action
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| Ticker: | AA@TB
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| Issuer: | Advance Agro Public Co. Ltd.
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| GICS: | Paper Products (15105020)
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| Sector: | Corporations, Forest Products, Global Issuers
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| Country: | Thailand
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| Region: | Emerging Markets
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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