RE:RE:RE:RE:RE:PKI Takes ADVANTAGE Of CHEAP Rates To RE-FINANCE Notes +...The corporate credit ratings for ATH has always been lacklustre...prior to the oil crash of 2014, the corporate rating was a B, following the oil crash, it was downgraded to B-, and later to CCC+ in 2016.
The next couple years, the corporate credit rating flipped back and forth several times between CCC+ and B-
and of course, with the COVID crash, they were downgraded to CCC
All this info can be found in the annual information forms
old_dog wrote: I really don't know why you would find it hard to comprehend the CCC rating at the current time. Lets face it last year at this time that crude had not yet hit -37.00 a barrel yet. Also that WTI stayed low for a good portion of the year..under $44.00. As you can imagine this also diminished their profit and ability to generate cash flow. Under the circumstances a CCC while not your ideal situation is a rating I can live with. As long as they are paying the bills and have cash in the bank then it's all good.
long and staying long
old_dog