Moody’s liquid junk ratings
Rating agency Moody’s plans to roll out its liquidity risk assessment to high-yield as well as high-grade borrowers. This rating will be called a speculative-grade liquidity (SGL) rating.
The move according to Moody’s “will isolate Moody’s opinion of an issuer’s liquidity risk over the coming year”. And according to Mike Rowan, Moody’s group managing director: “The key short-term liquidity risk for the speculative-grade issuer is its ability to meet its obligations through its
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