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Ship Finance (SFL -10.8%) tumbles after Moody's slashes its debt rating to Ba3 from B1, sending...

Ship Finance (SFL -10.8%) tumbles after Moody's slashes its debt rating to Ba3 from B1, sending it further into junk territory. The ratings agency is worried about Ship Finance's exposure to Frontline (FRO -7.2%), which recently crashed on liquidity fears. Also moving lower: TNK -5.3%. OSG -4.8%. PRGN -3.9%. DRYS -6.6%.
Comments (2)
  • Tough luck, sold out SFL yesterday with loss. Should have guessed it was too close to FRO. Hope luck with SDRL is different.
    30 Nov 2011, 08:21 AM Reply Like
  • Negative articles about companies only serves short sellers. It does not help improve employment, reduce negative regulations, aid companies in doing business and providing services, or help the economy in any way.
    30 Nov 2011, 08:40 AM Reply Like
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