E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/30/2012 in the Prospect News High Yield Daily.

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.


© 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.