Stocks to watch on Friday

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Stocks of interest on the Australian Securities Exchange on Friday:

BCI – BCI IRON – up three cents, or 8.45 per cent, at 38.5 cents

Pilbara miner BC Iron is making the final repayment on a major loan 18 months early as it works to improve its balance sheet.

BHP – BHP BILLITON – up 57 cents, or 2.1 per cent, at $28.23

RIO – RIO TINTO – up $1.41, or 2.5 per cent, at $57.48

Mining giants BHP Billiton and Rio Tinto have suffered credit rating downgrades but analysts say the move is unlikely to affect the company’s ability to borrow.

FDC – FEDERATION CENTRES – down one cent, or 0.3 per cent, at $2.97

SCP – SCA PROPERTY GROUP – in a trading halt at $2.13

Shopping centre operator Federation Centres is selling three properties in Tasmania for $85 million, as it finalises its takeover of retail property group Novion.

GMG – GOODMAN GROUP – steady at $6.22

Warehouse and office owner Goodman Group has reaffirmed its guidance for seven per cent earnings growth this financial year.

IIN – IINET – down one cent, or 0.1 per cent, at $9.59

TPM – TPG TELECOM – up 13 cents, or 1.5 per cent, at $8.68

The corporate watchdog is concerned TPG Telecom’s planned $1.6 billion takeover of iiNet will hurt competition among internet providers.

PMP – PMP – up 8.5 cents, or 18.3 per cent, at 55 cents

Trans Tasman printing group says it will begin paying dividends, and potentially launch a share buyback, after enjoying solid earnings growth this financial year.

RHC – RAMSAY HEALTH CARE – up $1.94, or 3.3 per cent, at $61.24

Private hospitals group Ramsay Health Care is on track to lift its core net profit by up to a fifth this financial year.