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Fitch downgrades FMG

CREDIT agency Fitch Ratings has downgraded Fortescue Metals Groups' outlook to negative after it ...

Kristie Batten
Fitch downgrades FMG

Fitch reaffirmed FMG’s long-term issuer default rating at BB+ but the outlook was lowered from stable. It said the affirmation of the rating reflected FMG’s cost-cutting to maintain its second-quartile...

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