Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Edcon (Pty.) Ltd. > News item |
Moody's: Edcon proposal is positive
Moody's Investors Service said that Edcon (Pty.) Ltd.'s proposed disposal of its private label store credit card portfolio to Absa Bank Ltd. is credit positive, given the expectation that the majority of the proceeds will be used to reduce Edcon's debt burden.
The company has a B2 long-term rating and a stable outlook.
© 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.