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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At the same time, Moody's lowered the Speculative Grade Liquidity (SGL) rating to SGL-4 from SGL-3.
The index rose as the net number of rated high-yield companies with Moody's weakest speculative-grade liquidity (SGL-4) scores increased to
The agency maintained the company's SGL-4 speculative grade liquidity rating.
He also assigned a SGL-4 "speculative-grade" rating on its liquidity.
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 index rose as the net number of rated high-yield companies with Moody's weakest speculative-grade liquidity (SGL-4) scores remained at 27 and the number of rated high-yield companies decreased by three to 124.
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.
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.
The Speculative Grade Liquidity Rating was lowered to SGL-4 from SGL-3.
The decline, the fourth in as many months, came as the net number of rated high-yield companies with Moody's weakest speculative-grade liquidity score (SGL-4) decreased to 26 from 27 and the number of rated high-yield companies increased by one to 122.
Specifically, the move affected the company's Caa3 corporate family rating, Ca/LD probability of default rating, SGL-4 speculative grade liquidity rating as well as the Ca (LGD-4, 66%) rating on its USD238m (EUR164.5m) 9.25% second priority global notes maturing in August 2013.
The Speculative Grade Liquidity Rating remains SGL-4. This concludes the ratings review commenced 21 January 2016.