Exela Intermediate LLC -- Moody's downgrades April 20, 2021
Key rating considerations are summarized below. Exela Intermediate LLC's Caa3 CFR reflects the company's continued operating challenges which have resulted in weak earnings, and high business risk from transitioning to business process automation in an intensely competitive industry. The company's high leverage, negative free cash flows, weak liquidity and near term maturities (revolver in July 2022 and term loan and notes in July 2023) render the capital structure increasingly untenable and elevate the risk of default.$Exela Technologies, Inc.(XELA)$
sell it
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
