Moody's drops Irkut view to negative

Moody's Investors Service has changed the outlook of Irkut Corp. to negative from stable on its Ba2 corporate family rating and Aa2.ru national scale rating.

The ratings reflect the company's global default and loss expectation, along with the standing of the company's credit quality relative to its domestic peers, Moody's said.

The change in the outlook reflects the pressure on the baseline credit assessment of the company while the institutional support imbedded in the Ba2 rating remains viewed as strong, 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.