Moody’s concerns about Russia could weigh on Carlsberg’s profitability
Carlsberg could come under significant pressure as declining Russian demand, ongoing rouble weakness and the Russian fragile macroeconomic environment weigh on its profitability in 2015, according to a new report from Moody’s Investors Service.
“Carlsberg’s debt to Ebitda ratio could exceed the 3.0x threshold for a Baa2 rating, unless it controls costs and cash consumption and takes measures to reduce debt in 2015.”
Paolo Leschiutta, a Moody’s vice-president, senior credit officer and author of the report
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures