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Is this a temporary or permanent position? http://12yo.icu 14yo  The downgrade reflects Fitch's view that the previously assumed improvements in the financial profile relating to de-leveraging and underlying cash generation in the short term are unlikely to be achieved. This is the result of a combination of a weaker market outlook and delays in the asset disposal process. Consequently, we believe that FM will not exhibit the financial profile expected of an investment grade A&D company within the rating horizon.
Grover 2019-05-31 22:57:36

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