Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Coastal Greenland Ltd. > News item |
Moody's cuts Coastal Greenland
Moody's Investors Service said it downgraded Coastal Greenland Ltd.'s bond rating to B3 from B2, along with its corporate family rating to B2 from B1.
The outlook remains negative.
The downgrade reflects the company's weaker-than-expected sales performance amid a challenging operating environment, Moody's said.
As a result, the company is unlikely to achieve its original business plan and generate sufficient cash flow to de-leverage its balance sheet, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.