Moody's could lower Ceske drahy

Moody's Investors Service said it placed the Baa1 issuer and senior unsecured ratings of Ceske drahy, AS on review for downgrade.

"We are placing Ceske drahy's ratings on review for downgrade as we are concerned that its credit and liquidity profile may no longer support its Baa1 ratings given its reduced revenue from its freight activities and the lower-than-expected proceeds from the ongoing sale of its assets," Moody's vice president, senior credit officer and lead analyst for Ceske drahy Marco Vetulli said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.