Moody's downgrades CF Industries to Ba2 CFR, outlook stable
New York, November 03, 2016-- Moody's Investors Service, downgraded CF Industries Holdings, Inc. senior unsecured ratings to Ba3 from Baa3, withdrew its issuer rating of Baa3, and assigned a Ba2 corporate family rating, a probability of default rating of Ba2-PD and a speculative grade liquidity rating of SGL-1. The rating action reflects the company's weakening operating performance due to the fertilizer industry downturn, that is expected to persist into 2018, combined with...
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