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Moodys

Moody’s: “Mediapro will run out of cash”

Spain’s Mediapro will struggle for the cash to get through the next six months, according to US credit rating company Moody’s. Moody’s says that Mediapro is lacking the cash for payments due over the next six months, reports OK Diario. Mediapro will have “a liquidity deficit of at least €225 million for the next six […]

May 4, 2021From David Del Valle in Madrid

Covid puts Global Eagle into Chapter 11 bankruptcy

In-Flight Entertainment and broadband communications supplier, Global Eagle Entertainment (GEE) has entered Chapter 11 bankruptcy. The company had been clear in the recent past that the near-total collapse of the world’s airline and related passenger traffic was putting the business under strain. Moody’s Investors Services had downgraded GEE’s rating to PD/LD which translates as a […]

July 23, 2020By Chris Forrester