Senvion's credit approaches lowest rating
Lacking interest payments, loss-incurring projects and general problems prompt Moody's to downgrade the wind turbine manufacturer's credit rating to second-lowest notch with a negative outlook.
Moody's has downgraded Senvion's credit rating for the second time in just two months. Set to Ca, the German wind turbine manufacturer is now ranked on the second-lowest rating in the rating bureau's 21-level scale – and the outlook remains negative, informs Moody's in a statement.
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