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Moody's: Zagrebacki view negative
Moody's Investors Service said it confirmed the Ba2 debt rating of Zagrebacki Holding DOO and assigned a negative outlook.
Moody's said the action on Zagrebacki primarily reflects the company's weak liquidity combined with sizeable debt burden and weak profitability. In the past two years Zagrebacki Holding was not able to find a sustainable solution to strengthen its cash position, the agency said.
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