Moody’s Says It’s Likely to Cut Electronic Arts, Following S&P
Moody's Ratings has announced that it is likely to downgrade Electronic Arts Inc. (EA) by multiple notches after the company is taken private. This move comes a day after S&P Global Ratings took a similar preliminary step. The downgrade by Moody's is expected to follow the company's transition to a private entity, which will result in a significant increase in debt levels. This change in the company's financial structure is likely to impact its credit profile, leading to the anticipated downgrade. The decision by both Moody's and S&P Global Ratings to take this action reflects the potential challenges that EA may face as a private company, with concerns over its ability to maintain its financial stability and creditworthiness. The news highlights the potential implications of the company's decision to go private, which could have a significant impact on its overall financial outlook.
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