Damn, from A3 to BAA1? Really Moody? LOL.
QBE Insurance Group, which is trying to win back market confidence after a turbulent two years, has suffered a downgrade from credit ratings agency Moody's ahead of about $1 billion in debt falling due in coming months.
After a review following QBE's profit warning in November, Moody's yesterday cut QBE by one notch to Baa1, from A3, citing its weakened financial position due to the impact of Hurricane Sandy, the worst drought in the US in 50 years, and ongoing low interest rates
credit rating downgrade
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Last
$18.49 |
Change
0.240(1.32%) |
Mkt cap ! $27.83B | |||
| Open | High | Low | Value | Volume |
| $18.20 | $18.49 | $18.13 | $58.90M | 3.201M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 56 | $18.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.50 | 25787 | 11 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| QBE (ASX) Chart |