Moody's Investor Service lowered its main credit rating for EADS, the make of Airbus plans, citing the European aerospace giant's overhaul of its ownership structure.
Moody’s Investor Service lowered its main credit rating for EADS, the make of Airbus plans, citing the European aerospace giant’s overhaul of its ownership structure.
The rating agency on Thursday lowered its rating for EADS by one notch to A2, a level which is still in the “upper-medium grade” on Moody’s credit rankings.
EADS on Wednesday announced a sweeping change to its shareholding structure which will see overall government influence by state shareholders France and Germany shrink.
Moody’s pointed out that the planned changes will result in a lower degree of government influence and control but also less chance of government support.
- School board rebukes Bellevue football program; possible two-year ban for coach Butch Goncharoff
- This drone footage of inside Bertha’s tunnel is like something out of ‘Star Wars’
- Five veteran Seahawks whose roles could be most impacted by additions from the NFL draft
- Mayor, Chris Hansen denounce misogynistic comments over council arena vote
- How the Seahawks got two first-round picks in the NFL draft
Most Read Stories
The rating outlook remains stable. EADS shares rose (EURO)2.02 to (EURO)29.25 in afternoon trading.