No, they rate companies based upon the companies ability to meet it's debt obligation. This down rating comfirms what we already know - GMG has too much debt, and is having difficulty making ends meet.
Stabilio is right. The attempts to spin this are pathetic.
in pre-nr?, page-15
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Last
$36.60 |
Change
0.900(2.52%) |
Mkt cap ! $69.96B | |||
| Open | High | Low | Value | Volume |
| $35.88 | $36.69 | $35.84 | $100.9M | 2.766M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 175 | $36.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.60 | 39274 | 2 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| GMG (ASX) Chart |