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Prospect News home > News index > List of issuers G > Headlines for GXS Corp. (Global eXchange Services) > News item |
Moody's may lower GXS
Moody's Investors Service said it placed the debt ratings of GXS Corp. under review for possible downgrade based on weaker-than-expected year-to-date operating performance and concerns about the company's long-term performance levels.
Moody's cautioned that if the current weak performance levels continue, GXS will be challenged in sustaining appropriate levels of operating cash flow to maintain existing ratings.
Ratings placed on review include the senior implied rating of B1, the senior secured credit facilities rated B1, the $105 million floating-rate notes rated B2, the $235 million subordinated debt rated B3, and the senior unsecured issuer rating of B2.
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