SGL-4

SGL-4

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-4 rating is the least liquid rating. This indicates a company may not have cash on hand to pay immediate obligations. See also: SGL.
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0% as the number of Chinese companies with SGL-4 scores increased to 17 from 16 and the total number of high-yield Chinese companies remained at 64.
7% as the number of Indonesian companies with an SGL-4 score remained at two and the total number of high-yield Indonesian companies decreased by one to 22.
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.
He also assigned a SGL-4 "speculative-grade" rating on its liquidity.
Moody's nevertheless continues to maintain an SGL-4 liquidity rating on McClatchy because continued significant revenue pressure and the level of uncertainty that a tight credit environment creates for closing on signed asset sale agreements could diminish the company's ability to meet the revised covenants in the second half of 2009," the analysts wrote.
The liquidity ratings, assessing issuers of high yield debt, range from SGL-1 to SGL-4.
2% as the number of Chinese companies with SGL-4 scores rose to 15 from 14 and the total number of high-yield Chinese companies decreased to 65 from 66.
0% as the number of Indonesian companies with a SGL-4 score remained at two and the total number of high-yield Indonesian companies decreased by one to 24.
The speculative grade liquidity (SGL) rating was kept at SGL-4.
The number of companies with Moody's lowest SGL rating of SGL-4 in May -- 47 -- matched the number in the previous peak month of March 2008, which was the highest since the introduction of the liquidity rating in October 2002.
Among all the companies it rates as SGL-4, Moody's said the top three by loan volume in May were Abitibi Consolidated Inc.
Meanwhile, the number with an SGL-4 score remained unchanged at 13.