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Fender’s credit rating downgraded by Moody’s – with operating costs speculated to rise by $20 millionThis is a result of Fender producing guitars overseas in Ensenada, Mexico, and electronic products such as amps and pedals in China, both of which have been hit by tariff increases in recent weeks.
Through continuous practice, they have become skilled electric guitar makers, handcrafting instruments that are gaining popularity not only in China, but also overseas. The predominant industry in ...
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