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FMG taken off negative by S&P

STANDARD & Poor’s Ratings Services has revised the outlook on Fortescue Metals Group from negative to stable.

Kristie Batten
FMG taken off negative by S&P

S&P put FMG on negative in September after the price of iron ore plummeted. The ratings agency yesterday affirmed the company’s BB- corporate credit rating, BB+ senior secured debt rating and B+ senior...

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