"We will look at any merger or acquisition that will affect the market," she said. Parmalat Australia's parent company, Parmalat Finanziaria SpA, had its credit rating cut by Standard & Poor's on Wednesday for the second time in 24 hours to CC/C - indicating "a clear risk of default". The downgrade came after the Milan-based company failed to make a €150 million ($A248.2 million) bond payment on Monday, and its chief financial officer and two board members resigned.