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Moody's downgrades Codere's CFR to Caa1; outlook negative

Rating Action: Moody's downgrades Codere's CFR to Caa1; outlook negative. Global Credit Research- 27 Mar 2020. Paris, March 27, 2020-- Moody's Investors Service, has downgraded Codere S.A.' s corporate family rating to Caa1 from B3, its probability of default to Caa1-PD from B3-PD and its senior secured notes, issued by Codere Finance 2 S.A., instrument rating to Caa1 from B3.
Moody's Investors Service
Moody's Investors Service

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