Fitch Rating Update
Fitch Ratings have today affirmed their issuer rating of ‘BBB’ for Downer EDI Limited (ASX: DOW).
The outlook on the rating remains negative.
We attach a copy of the Fitch Ratings Report.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
Forsyth Barr says a premium valuation is now warranted.
The only worst performer is the Norwegian krone.
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