Britannia Bulk faces rating downgrade from Moody’s

Tony Gray - Monday 27 October 2008

THE collapse of the dry bulk market freight market could lead to a lowering of Britannia Bulk’s credit rating, as cash-flow generation deteriorates, writes Tony Gray.

Moody’s Investors Service has placed Britbulk’s B2 corporate family rating and probability of default rating on review for possible downgrade.

“The review wa...

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