IN BRIEF: Moody's Downgrades Rating On Aston Martin Notes

Thu, 02nd Jul 2020 05:45

Aston Martin Lagonda Global Holdings PLC - luxury carmaker headquartered in Gaydon, Warwickshire - Moody's Investors Service downgraded the instrument ratings on Aston Martin Capital Holdings Ltd's senior secured notes to Caa2 from Caa1. Additionally, Moody's affirmed Aston Martin Lagonda Global's Caa1 corporate family rating as well as its Caa1-PD probability of default rating. The outlook for Aston Martin Lagonda Global remains negative.

Current stock price: 50.35 pence

Year-to-date change: down 71%

By Anna Farley; annafarley@alliancenews.com

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