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The company’s ratings reflect its unsustainable capital structure characterised by high financial leverage at the holding company and its perennially weak liquidity amid a period of continued large negative free cash flow, Moody’s said. ....
Get latest articles and stories on Latest News at LatestLY. Ratings agency Moody's Investors Service on Tuesday said it has downgraded its rating on the senior unsecured bonds issued by Vedanta Resources to Ca from Caa3. Latest News | Moody's Downgrades Rating on Senior Unsecured Bonds Issues by Vedanta Resources. ....
Park-Ohio Holdings Corp. announced today that Moody’s Investors Service, Inc. has upgraded the ratings of ParkOhio Industries, Inc. , including the Corporate Family Rating to B2 from B3, and the. ....
HOUSTON, Oct. 30, 2023 (GLOBE NEWSWIRE) Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that Moody s Investors Service ("Moody s") upgraded its Corporate Family Rating to B1 ....
Moody s rationale for these actions is attributed to Vedanta Resources lack of meaningful progress in addressing its upcoming debt maturities through refinancing. ....