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Moody's lowers Kingboard
Moody's Investors Service said it downgraded Kingboard Chemical Holdings Ltd.'s corporate family rating to Ba1 from Baa3.
The outlook is stable.
"The downgrade reflects Kingboard's weakened credit profile and its high financial leverage, which together no longer support an investment grade rating," Moody's vice president and senior analyst Alan Gao said in a news release.
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