Rating Action: Moody's downgrades CGG CFR to Caa3 and PDR to Ca-PD. Outlook negative
Global Credit Research - 17 Jan 2017
London, 17 January 2017 -- Moody's Investors Service, ("Moody's") has today downgraded the ratings of CGG SA ("CGG"), including the Corporate Family Rating (CFR) to Caa3 from Caa1 and the Probability of Default Rating (PDR) to Ca-PD from Caa1-PD.
Copy/paste from:
https://www.moodys.com/research/Moodys-downgrades-CGG-CFR-to-Caa3-and-PDR-to-Ca--PR_360637