Bankrupt Colt Defense Rated ‘D’ for ‘Default’

Closing the proverbial barn door after the gun maker has already declared bankruptcy, Moody’s Investors Service downgraded the “probability of default” rating for Colt Defense to D for “default” on Tuesday evening. It also announced this would be its final rating on Colt. According to the release: Subsequent to today’s actions, Moody’s will withdraw the ratings […]

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