Moody's says Belden's planned divestiture of Grass Valley is credit negative
Announcement: Moody's says Belden's planned divestiture of Grass Valley is credit negative. Global Credit Research- 01 Nov 2019. New York, November 01, 2019-- Moody's Investors Service said Belden Inc.' s Wednesday announcement that it intends to divest its Grass Valley business unit is credit negative.Belden is a global supplier of networking solutions built around two global business platforms: Enterprise Solutions and Industrial Solutions. The company's portfolio of solutions enables customers to transmit and secure data, sound, and video for mission critical applications across complex enterprise and industrial environments. The company's Enterprise Solutions segment provides network infrastructure solutions, as well as cabling and connectivity solutions for commercial audio/video and security applications. The company's Industrial Solutions segment provides networking components and machine connectivity products.
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