Moody’s downgrades Avanti; Inmarsat a buyer?
Moody’s Financial Services has downgraded London-based satellite operator Avanti Communications, saying – in essence – a default is “almost inevitable” and that Avanti is unlikely to meet its financial obligations in 2016” and adding that there is now potential for marking Avanti’s debt bonds down to CC or ‘junk bond’ status unless the operator can […]