trending Market Intelligence /marketintelligence/en/news-insights/trending/O1SfdHCSoqa2anO-4QcEQQ2 content esgSubNav
In This List

Moody's downgrades NCR

Blog

Making sanctions effective: Key themes for banks

Blog

Banking Essentials: July 6th edition

Blog

Commercial Banking: June 22nd Edition

Blog

Commercial Banking Newsletter June Edition - 2022


Moody's downgrades NCR

Moody's downgraded NCR Corp.'s corporate family rating to B1 from Ba3 and probability of default rating to B1-PD from Ba3-PD.

In downgrading the ratings, Moody's took into account the decline in NCR's operating performance and credit metrics over the past year. The downgrades also reflect the rating agency's concerns about the company's ability to significantly reduce debt leverage from increased levels.

The ratings outlook is stable, reflecting Moody's expectation that NCR will see a modest increase in revenues while cost reduction initiatives and a more profitable sales mix boost EBITDA growth.