Moody's Downgrades Shelter Afrique to B3, rating remains on review for further downgrade
London, 17 February 2017-- Moody's Investors Service has today downgraded the long-term issuer rating of Shelter Afrique to B3, from Ba3, concluding the Review For Downgrade announced in November. The key driver for the three notch downgrade was the rise in liquidity risk over the course of the review period, given the challenges that Shelter Afrique faces in raising the funding needed to meet its debt service needs over the coming months. The rating also remains on review for...
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