by stefanie | Jul 16, 2019 | City News
Moody’s has downgraded Clover Technologies parent 4L Technologies as risk of default rises. Moody’s Investor Services (Moody’s) downgrades Clover parent 4L Technologies following the appointment of legal and investment specialists to advise on restructuring the...
by stefanie | Apr 3, 2019 | City News
Moody’s Investors Service has affirmed its B3 Corporate Family Rating (CFR) and B3-PD Probability of Default Rating (PDR) for 4L Technologies Inc., the parent company of Clover. Following Moody’s decision to upgrade 4L Technologies (4L Tech) from negative...
by Owen Collins | Dec 19, 2018 | City News
The OEM has been downgraded from investment grade to junk by Moody’s Investors Service, following a similar move by Fitch Ratings in August. According to Fortune, Moody’s cited “an uncertain revenue base” as one of its key reasons, as well as a “decline in demand for...
