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