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Nova gets ratings boost; Heinz closing California plant; Teva ups Mylan stake
2015-06-13 08:28:49| Food - Topix.net
Fitch Ratings upgraded the rating on Nova Chemicals Corp.'s $1.7 billion in debt to BBB-minus and revised its rating outlook to stable from positive. Fitch said Nova has benefited from low-cost feedstocks at its Canadian plants, has strong cash balances, and has reduced its debt since being acquired in 2009 by International Petroleum Investment Co.
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