Thread regarding Triumph Group Inc. layoffs

Who would have thought...

Remember when everybody thought the whole 737 Max issue would not affect us that much? Well, think again.

Moody’s put its triple-C rating of Triumph’s unsecured bonds on review for possible downgrade last week. The company’s stock has since dropped 3.2% to $25.13, and the price of its $500 million unsecured bond due 2025 has fallen as much as 1%, according to data from MarketAxess.

https://www.wsj.com/articles/boeing-737-max-problems-hit-supplier-triumph-groups-stock-and-bonds-11577989808

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