SGL-2

SGL-2

A rating of the risk, published by Moody's, that a company will not be able to meet its short-term liabilities due to illiquidity. An SGL-2 rating is the second most liquid rating. This indicates a company likely has cash on hand to pay immediate obligations. See also: SGL.
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The ratings agency last month downgraded Sears' speculativegrade liquidity rating to SGL-3 from SGL-2.
Meanwhile, the agency reiterated the company's Ba2 corporate family rating (CFR) and Ba2 probability of default rating (PDR) as well as its SGL-2 speculative grade liquidity rating, which is in line with Moody's expectations of sound liquidity in the short run.
Harman's SGL-2 Speculative Grade Liquidity Rating indicates the expectation of a good liquidity profile over the near-term supported by cash balances and expected free cash flow generation.
Moody's also lowered Rite Aid's speculative-grade liquidity rating to SGL-3 from SGL-2 and affirmed the retailer's long-term debt ratings at B2--the fifth-highest junk rating.
In addition, the company's speculative grade liquidity rating is lowered to SGL-3 from SGL-2.
11 August 2010 - Moody's lifted the speculative grade liquidity rating on US death care services provider Carriage Services Inc (NYSE:CSV) to SGL-2 citing expectations for sound liquidity characteristics in the short run.
The SGL-2 rating indicates Moody's view that the company's liquidity profile should remain good over the near-term given expectations of orderly access to its long-term revolving credit facility, adequate cushion under its financial covenants, and the absence of volatility in cash flows," Moody's said.
The agency also raised the company's speculative grade liquidity rating to SGL-2 from SGL-3.
Moody's Investors Service has assigned a Ba3 rating to the new $400 million secured revolving-credit facility of A&P and upgraded the speculative-grade liquidity rating to SGL-2 from SGL-3.