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Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Directors Deals Ltd.

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Moody's Investors Services Downgrades Boart Longyear Ltd's Corporate Debt Ratings

Thursday, 5 Sep 2013 07:43pm EDT 

Boart Longyear Ltd announced that as indicated in its ASX release of August 30, 2013, Moody's Investors Services has reviewed the Company's debt ratings and revised them, as follows: Corporate Family Rating and Probability of Default rating – Downgraded to B2 and B2-PD from Ba3 and Ba3-PD, respectively; Senior unsecured note rating – Downgraded to B3 from B; and Speculative grade liquidity rating – unchanged at SGL-4. Moody's also has advised that the Company's ratings will remain under review as a result of the financing structures that the Company is evaluating to provide greater liquidity and flexibility, as previously announced on August 26, 2013. 

Company Quote

0.0050 +2.27%
25 Jul 2014