Moody's could cut Rheinmetall

Moody's Investors Service said it placed Rheinmetall AG's Baa3 long-term and Prime-3 short-term issuer rating, as well as the Baa3 ratings of the notes outstanding, on review for downgrade.

Moody's said the decision to place Rheinmetall's ratings on review for downgrade was triggered by the company's July 29 announcement in which it significantly revised downward its guidance for its performance in the current fiscal year, driven by the weaker performance of its defense division.

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