Petrofac Cut to Junk by Moody’s, Outlook Negative
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
PFC LN (Petrofac Ltd)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283
(Bloomberg) -- Reflects announcement by Serious Fraud Office that it’s investigating Petrofac as part of a further inquiry into Monaco-based consultancy group Unaoil, Moody’s says.
- Outcome of investigation could result in financial penalties if any allegations are proven, Moody’s says
- Investigation could undermine group’s reputational standing, Moody’s says
- Baa3 issuer rating removed and Ba1 corporate family rating assigned, Moody’s says
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
PFC LN (Petrofac Ltd)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283