Moody's could cut 3i Group

Moody's Investors Service said it placed the Baa1 long term rating of 3i Group plc on review for possible downgrade.

The review will focus on the ongoing challenges in the firm's businesses including: (a) the negative pressure on the value of its underlying investments given the weakening economic outlook; (b) the group's new strategy to increase dividend payments while maintaining strong liquidity and gearing metrics; (c) the pace of the contribution of debt management and infrastructure businesses to its diversification strategy; and (d) the overall management strategy regarding new investments.

© 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.