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Moody’s Downgrades Boart Longyear Ltd's Longyear Corporate Debt Ratings
Boart Longyear Ltd announces that Moody’s Investors Services has downgraded the Company’s debt ratings as follows: Corporate Family Rating and Probability of Default rating – Downgraded to Ba3 and Ba3-PD from Ba2 and Ba2-PD, respectively; Senior unsecured note rating – Downgraded to B1 from Ba2; and Rating outlook is negative.
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