From Investing.com: 2025-07-03 09:49:00

S&P has downgraded Formosa Plastics companies to BBB due to profit struggles. The downgrade could impact the company’s ability to secure financing and may lead to higher borrowing costs. Formosa Plastics has faced challenges in recent months, including lower demand and increased competition in the industry. The company will need to implement strategies to improve profitability and regain investor confidence.



Read more at Investing.com: S&P downgrades Formosa Plastics companies to BBB amid profit woes