Bristow's Credit Downgraded, Stock Slides Below $1 | Aviation International News

Bristow's Credit Downgraded, Stock Slides Below $1

Credit rating agency Moody's downgrades $750 million worth of Bristow debt, citing a variety of company problems

By Mark Huber • Contributor

March 11, 2019

Bristow’s stock price briefly fell below $1 last week after credit rating agency Moody’s downgraded $750 million worth of the offshore helicopter service company’s debt to “Caa2,” a rating reserved for bonds of “poor standing.” Despite this downgrade, the stock has price rose modestly to $1.10 as of press time.

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