(Reuters) - "SLM's financial flexibility as well as debt protection measures for unsecured bondholders would be significantly impaired ... Cash flow coverage measures will be weak," the credit ratings agency said in a statement.
Moody's said its review for downgrade would consider the company's expected capitalisation, the extent of support from JP Morgan and Bank of America, and any possible structural protections that might be introduced to insulate SLM from financial stress.
Read more at Reuters.com Mergers News
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