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Moody's cuts Bunge outlook to negative after IOI Loders deal
Sept 13 (Reuters) - Moody's Investors Service on Wednesday
revised its outlook for Bunge Ltd from stable to negative
due to a "meaningful increase in debt" after the U.S.
agribusiness opened a $900 million credit facility to help fund
a deal to buy Malaysian palm oil producer IOI Loders Croklaan.
Moody's maintained Bunge's Baa2 long-term debt rating, but
warned that without improved operating performance and cash
flow, the company risks a downgrade to Baa3, a step above junk.
(Reporting by Karl Plume in Chicago; Editing by Jonathan Oatis)
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