🔴 Merlin Entertainments is trading 5.4% down today amid concern over Moody’s downgrade of separate entities

Merlin Entertainments is trading 5.4% down now at $1.76 amid continued concern over Moody’s September 16 downgrade of separate Merlin Entertainments Group entities.

• Moody’s changed the outlook to negative, downgraded senior secured instruments to Caa2, and affirmed the Caa1 corporate family rating.
• The affected entities are separate from the aerospace issuer associated with this security, so a direct company-specific catalyst remains unconfirmed.
• The S&P 500 is up 0.15% and Nasdaq 0.47%; shares fell from $3.05 on September 15.