Steinhoff Bonds Tumble on Moody's Cut to Junk

The transcript discusses the negative impact on bonds and stocks following Moody's downgrade to junk status. It raises concerns about the company's viability, highlighting a postponed meeting with lenders and the need for asset sales to raise liquidity. The lack of transparency and communication from the company is noted, alongside extraordinary events such as the CEO's departure and an accounting scandal.

What was the impact on bonds and stocks after Moody's downgraded the ratings?

• Both bonds and stocks fell significantly.

• Stocks fell, but bonds remained stable.

• Bonds fell, but stocks remained stable.

• Both bonds and stocks increased in value.

What percentage did the stock value drop as mentioned in the video?

• 50%

• 70%

• 90%

• 30%

What action did the company take regarding their meeting with lenders?

• They canceled the meeting.

• They held the meeting as scheduled.

• They postponed the meeting by a week.

• They advanced the meeting by a week.

What is one potential strategy mentioned for the company to raise liquidity?

• Increasing debt

• Issuing new stocks

• Reducing employee salaries

• Asset sales

What major issues are highlighted in the company's communication?

• Excessive transparency

• Frequent press conferences

• Lack of transparency and sketchy statements

• Overly detailed financial reports