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Nufarm Limited -- Moody's: Nufarm 1H 2019 results are credit negative; ratings not affected

Moody's Investors Sevice says that Nufarm Limited's 1H 2019 results are credit negative but its ratings are not affected. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. "Nufarm's (Ba3 stable) 1H 2019 results are credit negative, as adjusted EBITDA fell below expectations and an elevated level of working capital has resulted in higher debt", says Maurice O'Connell, a Moody's Vice President and Senior Credit Officer.