Speculative Grade Liquidity Rating


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Speculative Grade Liquidity Rating

Also called SGL. A rating of the risk that a company will not be able to meet is short-term liabilities. SGL ratings are compiled and published by Moody's and are an assessment of a company's liquidity. SGL ratings are: SGL-1 (most liquid), SGL-2, SGL-3, SGL-4 (least liquid).

Speculative Grade Liquidity Rating (SGL)

Assessment of a firm's ability to meet obligations coming due during the next twelve months. The SGL rating system was developed by Moody's Investors Service to provide guidance regarding a company's liquidity risk and the possibility of default. Rating assignments range from SGL-1 (very good) to SGL-4 (weak).
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The speculative grade liquidity rating was affirmed at SGL-2 and the outlook was changed to negative from stable.
The ratings agency upgraded Bombardier's speculative grade liquidity rating to SGL-2 from SGL-3 and affirmed its Ba2 corporate family, Ba2 probability of default and Ba2 senior unsecured ratings, as Bombardier's transport segment "should continue to perform relatively well [in] the downturn".
Harman International Industries, Incorporated, the leading global audio and infotainment group (NYSE: HAR) today announced that Moody's Investors Service increased HARMAN's corporate credit rating to Ba1, and raised the Speculative Grade Liquidity Rating to SGL-1 from SGL-2.
s ratings to positive from stable and affirmed Innophos' Ba3 Corporate Family Rating (CFR) and SGL-1 Speculative Grade Liquidity rating.
a leading North American specialty phosphates producer, reported that on September 16, 2006, Moody's Investors Services upgraded its corporate family rating to Ba3 (from B1), upgraded ratings on its existing debt issues and affirmed the SGL-2 speculative grade liquidity rating.
a leading IP-based communications carrier serving businesses and enterprise organizations throughout the Eastern United States, today acknowledged that Moody's Investor Service recently upgraded US LEC's speculative grade liquidity rating from SGL-3 to SGL-2.