Thames Water Hit by More Rating Agency Downgrades as Cash Crunch Looms [BNN Bloomberg (Canada)]
Moody's Corporation (MCO)
Last moody's corporation earnings: 4/30 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
ir.moodys.com/home/default.aspx
Company Research
Source: BNN Bloomberg
S&P Ratings and Moody's both slashed the UK water provider's Class A debt — deemed the safest — by five and six notches respectively, according to two separate statements published Wednesday. They also downgraded the firm's riskier Class B debt. S&P said that while it had previously expected the company's liquidity to last through to next May, Thames Water is now facing an “acute” cash shortfall in the short-term. The downgrades come after Thames Water said last week it is exploring options with its creditors to delay a cash crunch, including the release of reserves. Under the terms of the debt, £380 million ($507 million) of the cash must be held as reserves. If a majority of creditors can't reach an agreement to release the reserves early, there would be a crunch point at the end of December, when the company would enter standstill. Under that emergency scenario, it would gain access to the £380 million of cash, on top of an additional £550 million of credit lines. If the c
Show less
Read more
Impact Snapshot
Event Time:
MCO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MCO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MCO alerts
High impacting Moody's Corporation news events
Weekly update
A roundup of the hottest topics
MCO
News
- How the AU's African credit rating agency plan could work [Yahoo! Finance]Yahoo! Finance
- SA Sentiment: What's the best way to address America's $35T debt load? [Seeking Alpha]Seeking Alpha
- SKY Leasing Announces Closing of $569.640 Million Secured Notes Offering [Yahoo! Finance]Yahoo! Finance
- US fiscal profile set to weaken under next administration, Moody's says [Yahoo! Finance Canada]Yahoo! Finance Canada
- US fiscal profile set to weaken under next administration, Moody's says [Yahoo! Finance]Yahoo! Finance
MCO
Earnings
- 7/24/24 - Beat
MCO
Sec Filings
- 9/10/24 - Form 4
- 9/10/24 - Form 4
- 9/10/24 - Form 4
- MCO's page on the SEC website