Moody’s: Golden Agri-Resources to negative

Moody's Investors Service said it changed the outlook for Golden Agri-Resources Ltd. to negative from stable.

At the same time, the agency affirmed the Ba2 corporate family rating.

Moody’s said the outlook change reflects the continued deterioration in Golden Agri’s credit metrics, arising in turn from falling palm oil prices and weak returns from its heavy investment in downstream activities.

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