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Homann criticises lower Creditreform rating

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Published in issue 13/2014
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Homann Holzwerkstoffe GmbH, Herzberg, has criticised the downgrading by Creditreform Rating AG, Neuss, of its corporate rating from BB+ to BB- on 17 March 2014 as inappropriate. Homann reports that Creditreform justified the new rating mainly with the volatility of raw-material markets. In contrast, Homann’s board ...

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