HT Global IT Solutions Holdings Limited -- Moody's downgrades HT Global to B1; places ratings on review for further downgrade
Moody's Investors Service has downgraded HT Global IT Solutions Holdings Limited's corporate family rating (CFR) and the senior unsecured rating on its $368 million 7% senior notes due 2021 to B1 from Ba3. "The downgrade to B1 reflects the company's exposure to refinancing risk for its bond due in July 2021 as capital market access remains uncertain for speculative grade companies in the current economic environment ," says Sweta Patodia, a Moody's Analyst.
