Getty Images Downgraded on Weaker Liquidity, Merger Uncertainty
Summarize this article with:
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Moody’s Ratings cut Getty Images Inc.’s credit rating deeper into junk territory, citing weakening liquidity, with lingering uncertainty over a potential merger with Shutterstock Inc. adding to the pressure. The firm downgraded the visual media company’s rating by two notches to Caa1 from B2, according to a reportBloomberg Terminal released Tuesday, and revised the outlook to negative from stable, signaling the risk of further deterioration.