Gogo Inc.(GOGO) : Moody's lowers the company's credit ratings

• ticker:  GOGO

** charts after downgrade **  

 

Moody's lowered the company's credit ratings across the board.

In a research note published after the closing bell on Monday, Moody's lowered Gogo's corporate credit rating and probability-of-default grade from B3 to Caa1. The speculative grade liquidity rating fell from SGL-2 to SGL-3.

Moody's view of Gogo moved from "highly speculative" to "substantial risks," with a negative outlook that could lead to even further rating cuts in the near term.