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Fisher & Paykel rating increases

September 13, 2012 - 6:00pm

Fisher & Paykel Finance’s credit rating could be raised a notch to BB+ by Standard & Poor’s.

The rise follows the possible takeover of parent Fisher & Paykel Appliances, by China’s Haier Group.

Standard and Poor's says it believes that the takeover is likely to result in an improvement in the company's credit profile.