Global ratings agency Moody’s has put Fletcher Building on notice for a possible investment rating downgrade as its net debt nears $2 billion to pay for.
Wednesday was St Valentine’s Day but perhaps somewhat ominously, it was also Ash Wednesday - the start of the season of Lent. For this country’s largest.
“I’ve never seen anything like it my 40 years in this industry, all that complexity,” he said after announcing the $120 million loss for the half-year to.