Nordic Business Report-July 7, 2006-Moody's downgrades M-real Corporation's credit rating to B2
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The Finnish forest industry group M-real Corporation said on Friday (7 July) that its credit rating has been downgraded from Ba3 to B2 by Moody's Investors Service.
"(The) downgrade has an annual impact of EUR2.5m on M-real's current financing costs," M-real said.
According to Moody's the outlook of the rating remains negative.
One euro (EUR) is worth approximately 0.69 British pounds (GBP).
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