Moody’s Lowers Urbi

Moody’s Lowers Urbi

Mexico Corporate & Sovereign Strategy

Moody's has downgraded Urbi to Caa2 from B2, it says, due to a missed interest payment on its 2016 bond. A default will cause a payment acceleration of Urbi's bonds, placing a large burden on the company's liquidity position and viability, the agency

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