Roundup / IDB Holding bonds downgraded
Minister letting in more Thai workers for agriculture; Partner put on negative credit watch; Unilever triggers furor with price-hike announcement.
IDB Holding Corp. downgraded: IDB Holding Corporation received another blow Tuesday when the credit rating agency S&P Maalot downgraded its B2 bonds by three notches to D, terming the company in a state of "selective default." The bonds in question are non-traded ones on which holders are owed NIS 35 million. That's peanuts for a company of IDB's size, but the company was...
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