Rolls Royce Downgraded on Cash Flow Worries
Moody’s Investors Service cut its long-term credit rating for Rolls-Royce Holdings from “A3” to “Baa1,” citing the company’s high leverage levels, weak cash flows, and need to resolve issues related to the cracking blades of the Trent 1000 aircraft engines. In a report, the ratings agency said the downgrade reflects the “expectation that target free
By Lauren Muskett | August 13, 2019
