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German Pellets: Creditreform downgrades rating to BB

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Published in issue 51/2014
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On 26 November, Creditreform downgraded the rating of German Pellets GmbH, Wismar (Germany), from BB+ to BB; that rating has provisional validity until 25 November 2015. In August, Creditreform had already downgraded the company’s rating from BBB (wath) to BB+, and cited the company’s mainly third-party financing ...

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