US financial pundit and MI industry blogger Eric Garland has penned another tough analysis of Gibson’s financial position following a reported further downgrade of Gibson Brands’ rating by Moody’s Investor Service.
In his latest article, Garland, whose trenchant views on Guitar Center, Fender and Gibson have made his blog a ‘must read’ in US industry circles says: ‘Moody’s is giving a shout out to anyone who owns Gibson Brands’ corporate debt and letting them know that they consider the creditworthiness of the company as a whole (not just a specific bond) has gone from junk to a little junkier junk due to the fact that they’re outta cash and owe a lot of money to other people. Oh, and things look like they’ll get worse. ‘
Read more at: http://www.ericgarland.co/2016/09/27/gibson-rating-moodys/