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KM Financial Solutions | Moody’s downgrades Steinhoff deeper into junk on default fears
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Moody’s downgrades Steinhoff deeper into junk on default fears

27 Dec Moody’s downgrades Steinhoff deeper into junk on default fears

Posted at 11:16h in News by
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JOHANNESBURG, Dec 28 (Reuters) – Ratings agency Moody’s on
Thursday downgraded Steinhoff’s debt deeper
into “junk” territory and warned further downgrades could follow
due to mounting cash flow problems at the South African retail
group.

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