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Cirque du Soleil hit with bruising debt rating, hurting outlook after COVID-19 collapse Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Christinne Muschi/The Globe and Mail
A fresh financial assessment of Cirque du Soleil is puncturing optimism for its rebound, with the live entertainment company given a debt rating that is deep in junk territory despite fresh capital from new owners.
Moody’s Investors Service has assigned a Caa1 rating to Cirque du Soleil’s recapitalized corporate profile, one of its lowest levels possible, and also classified the company’s outlook as negative. The assessment shows the depths of Cirque du Soleil’s financial hole as it re-emerges from creditor protection under new ownership, despite optimism that COVID-19 vaccines will revive live entertai
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