SGL-3

SGL-3

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-3 rating is the second least liquid rating. This indicates a company may or may not have cash on hand to pay immediate obligations. See also: SGL.
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At the same time, Moody's assigned a Ba3 Corporate Family Rating, a B1-PD Probability of Default rating and an SGL-3 Speculative Grade Liquidity Rating.
The ratings agency last month downgraded Sears' speculativegrade liquidity rating to SGL-3 from SGL-2.
At the same time, Moody's lowered the Speculative Grade Liquidity (SGL) rating to SGL-4 from SGL-3. This concludes the ratings review commenced on 21 January 2016.
The action had no impact on Atlas' other ratings, which include its B1 corporate family rating, B1 probability of default rating, B3 senior unsecured rating and SGL-3 speculative grade liquidity rating, Moody's noted.
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.
Moody's also downgraded Gogo's speculative grade liquidity rating to SGL-3 from SGL-2.
The company's Speculative Grade Liquidity Rating was raised to SGL-2 from SGL-3. Cooper Tire's rating outlook is stable.
In addition, the company's speculative grade liquidity rating is lowered to SGL-3 from SGL-2.
27 October 2011 -- Moody's raised Wednesday US chemical and aerospace products maker American Pacific Corp's (NASDAQ:APFC) speculative-grade liquidity rating to SGL-3 from SGL-4, citing expectations of adequate liquidity over the next 12-18 months.
At the same time, Moody's downgraded the rating on the company's senior unsecured notes to C from Caa2 and lowered the Speculative Grade Liquidity rating to SGL-4 from SGL-3. The rating outlook is negative.
The company carried a Caa2 corporate family rating and an SGL-3 speculative grade liquidity rating.
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. The service has also confirmed all of its other fundamental ratings on the grocer.