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S&P cuts Pasminco's ratings on high debts, losses

STRUGGLING Australian zinc producer Pasminco said today it was disappointed Standard & Poor's has...

Greg Tubby

S&P dropped Pasminco's long-term rating to "BB+" from "BBB-", putting it outside the band considered investment grade. The ratings agency also lowered its short-term rating to "B" from "A-3" and revised...

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