03.03.2014 13:43:00

Golden Agri-Resources Ltd -- Moody's: Recovering palm oil price provides strong finish to Golden Agri's year of refocus

Singapore, March 03, 2014 -- Golden Agri-Resources Ltd. (GAR, Ba2 stable) released its results for 2013 on Friday. While reported EBITDA of $662 million was 15.7% lower than the $785 million achieved in 2012, and gross debt increased over the year from $1.85 billion to reach in $2.58 billion in December 2013, there is no immediate impact on the rating.

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