Moody’s Studies Teledyne Debt: Moody’s Investors Service...
From Times Staff and Wire Reports
Moody’s Studies Teledyne Debt: Moody’s Investors Service said it is reviewing about $59.8 million in Teledyne debt for possible downgrade. The rating agency said the review was prompted by Teledyne’s plan to spin off its insurance and finance subsidiaries, which would “significantly reduce Teledyne’s cash flow protection of debt and asset base.”
