NII Holdings, Inc. (NIHD) Posts Q2 Loss of $3.65/Share; Will Likely File for Ch. 11 Bankruptcy Protection
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Moody's Cuts NII Holdings' (NIHD) CFR to 'Ca2'; Sees Further Liquidity Issues
August 12, 2014 3:58 PM EDTMoody's Investors Service ("Moody's") has downgraded the corporate family rating (CFR) of NII Holdings (NASDAQ: NIHD) to Caa2 from Caa1. The downgrade reflects Moody's expectation that bankruptcy filing is more likely as a result of the company's inability to find a strategic solution to extend its liquidity. The company is currently not in compliance with certain financial covenants in its existing debt obligations which could trigger an event of default for up to $4.4 billion of debt issued by intermediate holding companies NII Capital Corp. ("NII Capital") and NII International Telecom S.C.A... More
Wells Fargo Downgrades NII Holdings (NIHD) to Underperform
August 12, 2014 10:51 AM EDTWells Fargo downgraded NII Holdings (NASDAQ: NIHD) from Market Perform to Underperform with a price target of $0.10-$0.30 (from $0.75-$1.10). The change follows its announcement that it is likely to file a voluntary petition of relief under Chapter 11.
For an analyst ratings... More
