Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Cvent Inc. > News item |
Moody's downgrades Cvent'
Moody's Investors Service said it downgraded Cvent, Inc.'s corporate family rating to Caa1 from B3, its probability of default rating to Caa1-PD from B3-PD and the senior secured first-lien revolver and term loan to Caa1 from B3. The outlook was revised to negative from stable.
The downgrade reflects anticipated deterioration in Cvent's financial performance and liquidity as broad-based coronavirus containment measures result in cancellations of in-person meetings and events for which Cvent provides technology.
© 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.