The company's corporate family rating (CFR) was downgraded to Caa3 from Caa2.
Moody's also downgraded the rating of the company's bonds to Ca from Caa3. It has maintained a negative outlook on the new ratings.
"We view the debt restructuring as default avoidance and assess that the creditors have incurred an economic loss with respect to the original promise.
Denne historien er fra January 10, 2024-utgaven av Mint Mumbai.
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Denne historien er fra January 10, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Steering clear of Trumponomics would serve other countries well
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