Moody's says NN's $100 million of Perpetual Preferred is credit positive, but ratings unaffected (B3 negative)
Announcement: Moody's says NN's $100 million of Perpetual Preferred is credit positive, but ratings unaffected. Global Credit Research- 06 Dec 2019. New York, December 06, 2019-- Moody's Investors Service said that the announcement by NN, Inc. that it has entered into an agreement with two large existing stockholders to make a $100 million investment in the form of perpetual preferred stock is credit positive, but the ratings are unaffected.
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