Adidas’debt credit rating downgraded, on declining profit and retail sales
Adidas senior unsecured debt credit rating downgraded to A3 from A2 the long-term issuer ratings of Adidas AG. Moody’s also downgraded Adida’s short-term issuer rating to Prime-2 from Prime-1. RATING RATIONALE Today’s rating action is prompted by a steep profit…
Moody’s downgrades Checkers PDR to Ca-PD/LD following missed principal payment on first-lien term loan facilities
Moody’s downgraded Checkers Holdings, Inc.’s (Checkers) probability of default rating (PDR) to Ca, its corporate family rating (CFR) to Ca from Caa2 and its senior secured bank credit facility to Caa3 from Caa1. The downgrades follow the expiration of the…
Moody’s downgrades Checkers Holdings credit rating to Ca following missed principal payment on first-lien term loan facilities
Moody’s downgraded Checkers Holdings, Inc.’s (Checkers) probability of default rating (PDR) to Ca, its corporate family rating (CFR) to Ca from Caa2 and its senior secured bank credit facility to Caa3 from Caa1. The downgrades follow the expiration of the…
Moody’s downgrades Provident Group to Caa3 following payment default
Approximately $36 million of debt securities affected Moody’s has downgraded to Caa3 from Caa2 the ratings assigned to Provident Group senior secured obligations, including the senior secured revenue bonds following a payment default on the May 1, 2023 debt service…