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Prospect News home > News index > List of issuers F > Headlines for Formosa Chemicals & Fibre Corp. > News item |
Moody's drops Formosa notes
Moody's Investors Service said it changed to D(ar) from Ca(ar) the rating assigned to the Province of Formosa's co-participation tax revenue secured notes initially denominated in dollars and "pesified" in February 2002.
These bonds remain in default and the Ca global-scale rating is unchanged with a stable outlook, the agency added.
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