Agile Downgraded to B3 by Moody’s
Agile Group was downgraded to B3 from B2 and its senior unsecured ratings to Caa1 from B3, with a negative outlook. Agile’s liquidity is expected to remain “inadequate in the next 12-18 months” without new external financing, funding and timely...
Agile and KWG Downgraded to B- by S&P
Agile was downgraded to B- from B+ after the delay in publishing its audited 2021 results, indicating weak reporting, governance, and risk management. A potential acceleration of debt payments could occur, further weakening its liquidity. As per its 2021 interim...
Agile Downgraded to B2 by Moody’s; Zhenro Cut to RD by Fitch
Agile Group was downgraded to B2 from B1 by Moody’s on the back of increased refinancing uncertainty and governance risks. This comes after Agile announced that it will not publish its audited financials by 31 March, and expects to do so by May 15. This impacts...
