Moody's downgrades Diebold

Moody's Investors Service said it downgraded Diebold Nixdorf, Inc.'s probability of default rating to D-PD from Caa2-PD following the company's filing of a petition for relief under Chapter 11 of the U.S. Bankruptcy Code on Thursday.

The agency also dropped Diebold's corporate family rating to Ca from Caa2. Diebold's speculative grade liquidity rating remains SGL-4 but Moody’s changed the outlook to stable from negative.

Moody's said it will withdraw the ratings due to Diebold's bankruptcy filing.

© 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.