Fonterra: Scrapping interest-free loans to farmers not down to Fitch’s recommendation
The ratings agency this week revealed the interest-free loan to farmers was a key factor in downgrading Fonterra's credit rating in October.
Fonterra [NZX: FCG] has denied that a recent announcement by Fitch was the reason the co-operative scrapped its interest-free loan initiative.
The ratings agency this week revealed the interest-free loan to farmers was a key factor behind downgrading Fonterra’s credit rating in October.
Fitch’s
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Jason Walls
Fri, 11 Dec 2015
Fri, 11 Dec 2015
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Fonterra: Scrapping interest-free loans to farmers not down to Fitch’s recommendation
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