TOKYO (AFX-ASIA) – Japan Credit Rating Ltd (JCR) said it has downgraded the ratings on Cosmo Oil Co Ltd’s preliminary and long-term debt by one notch to “BBB”. Japan’s local credit rating agency also lowered its commercial paper rating by one notch to “J-2”. With excess capacity in refinery and sales outlets in Japan in…
JAPAN: Cosmo Oil preliminary, long-term debt ratings cut to ‘BBB’ Ð JCR
Posted on October 30, 2003 by EnergyAsia