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Parmalat settles ratings dispute with Standard & Poor's

MILAN, July 30 (Reuters) - Parmalat has settled a dispute with Standard & Poor's related to the ratings the agency had assigned to the Italian dairy group before its collapse in December 2003.

Parmalat said in a statement on Thursday it would receive a 14.5 million euro ($16 million) payment from Standard and Poor's and would drop any further claims.

The extraordinary...


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