Shares of Overseas Shipholding (OSG -3.3%) sink after Moody's cuts the shipper two notches...

|About: Overseas Shipholding Group,... (OSGB)|By:, SA News Editor

Shares of Overseas Shipholding (OSG -3.3%) sink after Moody's cuts the shipper two notches deeper into junk and left the door open for additional cuts. The ratings service notes weak fundamentals in the global tanker sector are hurting its liquidity.