Moody's reviews National Factoring

Moody's Investors Service said it placed the B2 long-term local- and foreign-currency ratings of National Factoring Co. CJSC on review for downgrade.

The action reflects the increased uncertainties about the company's ability to finance its operations given its high reliance on wholesale market funding and the continuing deterioration in market conditions, according to the agency.

© 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.