Rating Action:
Moody's downgrades General Shopping's unsecured debt rating to Caa2 with a stable outlook
26 Oct 2018
Approximately US$314 million of securities affected
New York, October 26, 2018 -- Moody's Investors Service downgraded the senior unsecured rating of General Shopping Finance Limited to Caa2 from Caa1 and the subordinated debt rating of General Shopping Investments Limited to Ca from Caa3. The rating outlook was revised to stable from negative.
The following ratings were downgraded:
General Shopping Finance Limited -- senior unsecured debt rating to Caa2 from Caa1
General Shopping Investments Limited -- subordinated debt rating to Ca from Caa3
Outlook action:
Outlook revised to stable from negative