{"id":342666,"date":"2020-03-20T10:36:28","date_gmt":"2020-03-20T05:06:28","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=342666"},"modified":"2020-03-20T11:01:30","modified_gmt":"2020-03-20T05:31:30","slug":"moodys-readying-for-global-downgrade-of-firms-hit-by-virus-oil-price-drop","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/moodys-readying-for-global-downgrade-of-firms-hit-by-virus-oil-price-drop\/","title":{"rendered":"Moody&#8217;s readying for global downgrade of firms hit by virus, oil price drop"},"content":{"rendered":"<p>Credit rating agency Moody&#8217;s is carrying out a global review of its corporate ratings in light of the coronavirus and oil price slump, with a first mass wave of downgrades or downgrade warnings likely in the coming days. <\/p>\n<p>The firm has already begun the process in a number of the hardest hit sectors such as airlines, cruise and oil firms, but the moves are about to ratchet up, two of the firm&#8217;s top analysts told Reuters. <\/p>\n<p>&#8220;We are undertaking a global review of ratings that are impacted by the virus,&#8221; Managing Director of Global Strategy &amp; Research Anne Van Praagh and Christina Padgett, Associate Managing Director of Corporate Finance Research, said in an interview.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Credit rating agency Moody&#8217;s is carrying out a global review of its corporate ratings in light of the coronavirus and oil price slump, with a first mass wave of downgrades or downgrade warnings likely in the coming days. The firm has already begun the process in a number of the hardest hit sectors such as airlines, cruise and oil firms, but the moves are about to ratchet up, two of the firm&#8217;s top analysts told Reuters. &#8220;We are undertaking a global review of ratings that are impacted by the virus,&#8221; Managing Director of Global Strategy &amp; Research Anne Van Praagh [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-342666","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=342666"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342666\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=342666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=342666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=342666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}