Reported 1 day ago
Patriot Rail is seeking to refinance its debt through a $440 million offering, prompting assessments from all three major ratings agencies. Moody's rated the company at B2, S&P at B-, and Fitch at B+, highlighting varying levels of financial outlook. Despite being in non-investment-grade status, the agencies noted strong operational margins and a diverse rail network, contributing to a strengthening financial trend.
Source: YAHOO