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Home

Tranz Rail credit rating suffers another cut

by Staff Writer
April 24, 2003
in Uncategorized
Reading Time: 1 min read
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<p>Standard &#38 Poor’s have slashed New Zealand operator Tranz Rail’s credit rating from B minus to CCC, according to a report in the <em>Financial Review</em> .</p> <p>The cut follows an announcement from forest products group Carter Holt Harvey that it would not purchase any of Tranz Rail’s rollingstock assets, the paper reported. </p> <br />

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