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.

How has the lack of transparency affected the company's situation?

What extraordinary events have occurred within the company recently?