Towergate hit with Moody's downgrade
Moody's has cited "significant" levels of debt and limited earnings as the reasons behind its downgrade of Towergate, following publication of the consolidator's results.
Moody's has downgraded the ‘corporate family rating' and ‘probability of default rating' of Towergate Holdings II Limited to B3 / B3-PD. It has also changed the outlook for the group from negative to
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