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S&P gives Koninklijke FrieslandCampina notes BB+
S&P said it assigned its BB+ issue rating to the proposed €300 million of perpetual subordinated securities to be issued by Koninklijke FrieslandCampina NV.
The agency said it rated the securities down two notches, one for subordination and one for the ability to defer interest payments. Only the company’s ordinary shares will rank lower, S&P said.
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