{"id":2610,"date":"2008-11-20T08:31:55","date_gmt":"2008-11-20T16:31:55","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=2610"},"modified":"2008-11-20T08:33:24","modified_gmt":"2008-11-20T16:33:24","slug":"quiksilver-downgraded-again","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=2610","title":{"rendered":"Quiksilver Downgraded Again"},"content":{"rendered":"<p><strong><a href=\"http:\/\/www.moodys.com\/cust\/default.asp\" target=\"_blank\">Moody&#8217;s Investors Service<\/a><\/strong> downgraded <strong>Quiksilver&#8217;s<\/strong> stock on Wednesday thanks to what it calls &#8220;a &#8216;significant&#8217; level of short-term debt in its capital structure, according to a story on <strong><a href=\"http:\/\/biz.yahoo.com\/ap\/081120\/quiksilver_ratings.html?.v=1\" target=\"_blank\">Yahoo Business<\/a><\/strong>.<\/p>\n<blockquote><p>Moody&#8217;s downgraded the company&#8217;s corporate family rating and probability of default rating two notches to &#8220;B2&#8221; &#8212; a speculative or &#8220;junk bond&#8221; rating five notches below investment-grade status &#8212; from &#8220;Ba3,&#8221; which is three notches below investment-grade status.<\/p><\/blockquote>\n<p>The stock has been down to 91 cents this morning, but it&#8217;s back up just over a dollar.<\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/biz.yahoo.com\/ap\/081120\/quiksilver_ratings.html?.v=1\" target=\"_blank\">Yahoo Business<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moody&#8217;s Investors Service downgraded Quiksilver&#8217;s stock on Wednesday thanks to what it calls &#8220;a &#8216;significant&#8217; level of short-term debt in its capital structure, according to a story on Yahoo Business. Moody&#8217;s downgraded the company&#8217;s corporate family rating and probability of default rating two notches to &#8220;B2&#8221; &#8212; a speculative or &#8220;junk bond&#8221; rating five notches [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[10,12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/2610"}],"collection":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2610"}],"version-history":[{"count":2,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/2610\/revisions"}],"predecessor-version":[{"id":2612,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/2610\/revisions\/2612"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2610"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}