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Fitch warns Ahold will remain junk until at least 2006

Hopes by Ahold, the Dutch supermarket group, of returning to an investment grade rating by 2005 have been dashed by Fitch Ratings amid legal attempts by Dutch shareholders to petition for an inquiry into mismanagement.

Ahold is still reeling from the €1bn accounting scandal at its US Foodservice division in February 2003.

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