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F&P Finance rating bolstered by takeover

Thursday 13th of September 2012

The ratings agency says that its BB long-term issuer credit rating on Fisher & Paykel Finance have been placed on CreditWatch with positive implications, following Haier issuing its takeover notice.

Haier already owns a stake in Fisher and Paykel Appliances and has a lock-up agreement with a large shareholder, which takes its potential interest to 37.46%. This gets it closer to the 5...

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