12.01.2016 17:58:00
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Navios Maritime Holdings, Inc. -- Moody's downgrades Navios Holdings' rating to Caa1; stable outlook
London, 12 January 2016 -- Moody's Investors Service has today downgraded the corporate family rating (CFR) of Navios Maritime Holdings, Inc. (Navios Holdings) to Caa1 from B2 and its probability of default rating (PDR) to Caa1-PD from B2-PD. Concurrently, Moody's downgraded the ratings on Navios Holdings'$650 million senior secured first preferred ship mortgage notes to B3 from B1 and the rating on its $350 million senior unsecured notes to Caa3 from Caa1. The outlook on all Navios Holdings' ratings is stable.