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S&P Credit Research565 word report
published Nov 09, 2007
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S&P Credit Research
| Abstract: | SINGAPORE (Standard&Poor's) Nov. 9, 2007--Standard&Poor's Ratings Services placed its 'B-' long-term corporate credit rating on Thailand's pulp and paper company, Advance Agro Public Co. Ltd. (Advance Agro), on CreditWatch with negative implications following the company's plan to be delisted from the Thai stock exchange as part of its restructuring plan. At the same time, Standard&Poor's has also placed its 'B-' rating on the company's outstanding senior unsecured notes on CreditWatch with negative implications. "The CreditWatch placement reflects uncertainties on Advance Agro's financial and business strategies and potential further weakening of the company's financial flexibility post-delisting," said Standard&Poor's credit analyst Yasmin Wirjawan. The company's liquidity position is weak and its 2007 financial performance
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| Brief Excerpt: | RESEARCH Ratings Definitions Ratings On Advance Agro Placed On CreditWatch Negative On Restructuring Announcement Publication date: 09-Nov-2007 Primary Credit Analyst: Yasmin Wirjawan, Singapore (65) 6239-6302; yasmin_wirjawan@standardandpoors.com...
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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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