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Moody's could cut Aston Martin
Moody's Investors Service said it placed the B3 corporate family and probability of default ratings of Aston Martin Holdings (UK) Ltd., as well as the B3 rating of the senior secured notes issued by Aston Martin Capital Ltd.
"The review was prompted by a significant deterioration in Aston Martin's liquidity profile as per end September 2012, caused by a much weaker cash generation and operating performance in the third quarter than anticipated by the company and compared to Moody's expectations," Moody's analyst for European Automotive manufacturer Falk Frey said in a news release.
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