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Prospect News home > News index > List of issuers M > Headlines for Mandra Forestry Holdings Ltd. > News item |
Moody's upgrades Mandra
Moody's Investor Service said it upgraded to Caa1 from Ca the corporate family rating of Mandra Forestry Holdings Ltd. and senior unsecured rating of notes issued by Mandra Forestry Finance Ltd. and guaranteed by Mandra, and withdrew ratings.
The actions follow an announcement that Sino-Forest Corp. (Ba2/stable) has reached agreement in principle with the equity holders to acquire Mandra, according to the agency.
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