Moody’s Investors Service Inc. said Friday it has placed Nippon Meat Packers Inc.’s A3 senior unsecured long-term debt rating under review for possible downgrade, following the mislabeling scandal at the meat processor’s subsidiary, Nippon Food Inc.

Nippon Food, a wholly owned subsidiary of Nippon Meat Packers, admitted Thursday it had passed off imported beef as domestic to receive government subsidies under a buy-back program set up after mad cow disease hit Japan.

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