Fonterra may just escape asset writedown
Fonterra was quick to respond last week when ratings agency Standard & Poor's put the co-operative on credit watch.
Shoeshine
Fri, 21 Aug 2015
Embattled dairy giant Fonterra [NZX: FCG] was quick to respond last week when ratings agency Standard & Poor’s put the co-operative on credit watch.
And why wouldn’t it? Any downgrade and Fonterra would lose its coveted A-grade rating and face higher borrowing costs.
Chief financial officer Lukas
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Shoeshine
Fri, 21 Aug 2015
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