Moneygram International (MGI)

Add a New Bears Reason Company: Moneygram International (MGI) Current price: Headline: (100 character max) Analysis: Cancel 0% agree 0 votes edit "Risks being downgraded by credit ratings agencies, increasing borrowing costs" Top Contributor: Yinan Zhu | Created when NYSE:MGI was $4.75 | Edit | History In additional to the immediate effects of a asset-losing portfolio, MGI will be further subjected to the consequences of a decreased credit rating. For example, the credit rating agency Fitch has negatively affected $350M of MGI's debt by downgrading the company's credit rating to BBB-. (100 character max) Cancel 0% agree 0 votes edit Risks being downgraded by credit ratings agencies, increasing borrowing costs Top Contributor: Yinan Zhu | Created when NYSE:MGI was $4.75 | Edit | History In additional to the immediate effects of a asset-losing portfolio, MGI will be further subjected to the consequences of a decreased credit rating. For example, the credit rating agency Fitch has negatively affected $350M of MGI's debt by downgrading the company's credit rating to BBB-. (100 character max) Cancel 0% agree 0 votes edit Will be controlled by outside investors who are putting money in to keep the company afloat Top Contributor: Yinan Zhu | Created when NYSE:MGI was $4.75 | Edit | History MGI is en route to accept the injection of $710M, and sell 63% of itself to the investors group led by Thomas H. Lee and Goldman Sachs. Even if the company is able to recover from its financial woes, it will be primarily controlled by these external institutions. (100 character max) Cancel 0% agree 0 votes edit More losses to come Top Contributor: Yinan Zhu | Created when NYSE:MGI was $4.75 | Edit | History MGI has warned that despite its enormous losses of 860mil up to Jan 15, 2008, it's portfolio may further decrease in value once additional assets have been liquidated. (100 character max) Cancel

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