Moody’s down­grades Rolls-Royce to ‘junk’

The Daily Telegraph - Business - - Business -

Rolls-Royce’s credit rat­ing has been down­graded to “junk” sta­tus by Moody’s, which has cut its ver­dict on the en­gi­neer’s long-term se­nior un­se­cured bonds by two notches. The down­grade, which means the bonds are no longer seen as be­ing in­vest­ment grade, came as Moody’s warned about de­mand for Rolls’ jet en­gines and main­te­nance deals for them.

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