Business might represent nearly 2%of high-yield market if second downgrade comes

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Matt Wirz

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Financiers are disposing bonds of Kraft Heinz Co. after Fitch Ratings pushed its score of the business into junk territory following a disappointing incomes report.

A downgrade by one of the two other significant ratings companies would require index operators to categorize Kraft as below investment grade and forbid lots of bond funds from holding the debt.

Kraft’s …


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