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
. Ratings of PCG and PG&E remain on review for downgrade.
NOG's SGL-4 Speculative Grade Liquidity Rating
reflects its weak liquidity driven by Moody's expectation that the company will have to amend its revolver financial covenants.
In addition, the company's speculative grade liquidity rating
is lowered to SGL-3 from SGL-2.
The company carried a Caa2 corporate family rating and an SGL-3 speculative grade liquidity rating
. Besides, its proposed USD250m (EUR174m) senior notes, due 2016, were rated at Caa2 (LGD 4, 57%).
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".
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.
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
Hertz also carries a speculative grade liquidity rating
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.
Perkins & Marie Callender's bears a Ca corporate family rating (CFR) and SGL-4 speculative grade liquidity rating
. Besides, its USD190m (EUR131.7m) senior unsecured notes, due 2013, are rated at C (LGD 5, 73%).
The SGL 2 speculative grade liquidity rating