November 26, 2024 09:44 GMT
CONSUMER CYCLICALS: Largest Moody's downgrades; Consumer & Transport
CONSUMER CYCLICALS
It joins a small list of double-notch IG/crossover downgrades;
- Whirlpool; Baa1 to Baa3 (-2)
- Walgreen Boots; Ba2 to B1 (-2)
- Mobico; Baa2 to Ba2 (-3)
Similar to S&P, we are dwarfed by Thames in Utils; -9 notches this year
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