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Restructuring plans of 2 contractors inadequate, says S&P.

Publication: Japan Weekly Monitor
Publication Date: 04-JUN-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, June 1 Kyodo

Standard & Poor's Corp. (S&P) said Friday the restructuring plans of two Japanese construction companies, Kumagai Gumi Co. and Hazama Corp., are ''insufficient'' to enable them to recover their lost credit quality and turn themselves around.

The major U.S. credit-rating agency said the earnings and...

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