by bondevalue | Mar 15, 2021 | Credit Ratings, Distressed / Defaulted Bonds
Pan Brothers (PB) has been downgraded by Fitch Ratings to RD from C as the standstill agreement with its lenders expired on February 12 post its default on bilateral loans and $138.5mn of syndication loans. The RD downgrade suggests that PB has default on its payment...
