C &W in bank talks after credit blow

Cable & Wireless is in talks with banks over a £1.5bn (€2.34bn) loan guarantee, after suffering a credit ratings blow.

C &W in bank talks after credit blow
Sun, 08 Dec, 2002 - 15:40

Cable & Wireless is in talks with banks over a £1.5bn (€2.34bn) loan guarantee, after suffering a credit ratings blow.

It was announced late on Friday that the group's debts had been downgraded by credit rating agency Moody's to junk status.

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