Connect with us

Finance News

Wirecard seeks new financing strategy as Moody’s downgrades firm to junk

Published

on

Wirecard seeks new financing strategy as Moody's downgrades firm to junkGerman payments firm Wirecard said late on Friday it had hired U.S. investment bank Houlihan Lokey to develop a new financing strategy as Moody’s slashed the company’s rating to junk following the disappearance of 1.9 billion euros. The scandal-hit company is desperately seeking to reassure investors after its search for the missing cash hit a dead end in the Philippines, prompting ratings agencies to react. The company’s CEO quit on Friday.


Lyron Foster is a Hawaii based African American Musician, Author, Actor, Blogger, Filmmaker, Philanthropist and Multinational Serial Tech Entrepreneur.

Continue Reading
Comments