Speculative Grade Liquidity Rating

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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In addition, the company's speculative grade liquidity rating is lowered to SGL-3 from SGL-2.
At the same time, Moody's affirmed Big Heart's SGL-1 Speculative Grade Liquidity Rating.
The company carried a Caa2 corporate family rating and an SGL-3 speculative grade liquidity rating.
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.
Moody's also assigned Dollar Tree a Corporate Family Rating of Ba2, a Probability of Default Rating of Ba2-PD and a speculative grade liquidity rating of SGL1.
Hertz also carries a speculative grade liquidity rating of SGL-3.
Perkins & Marie Callender's bears a Ca corporate family rating (CFR) and SGL-4 speculative grade liquidity rating.
CFR) and lowered its Speculative Grade Liquidity Rating to SGL-2 from
The company's speculative grade liquidity rating of SGL-4, which was affirmed, takes into account its weak liquidity profile, Moody's said.
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.
The agency also affirmed the firm's Ca corporate family rating and SGL-4 speculative grade liquidity rating as well as the Ca (LGD4, 50%) ratings on its USD20m (EUR14.