(Bloomberg) -- Corporate bonds rated by Moody's
Investors Service are likelier to face lower ratings after
management gives in to shareholder activists, according to a
report from the credit-rating service.
Short-term shareholders, with an investment horizon of less
than two years in a stock, have commonly used media coverage and
the threat of proxy fights, among other tactics, to push for
strategic or financial changes such as acquisitions, asset sales
and share buybacks, Moody's said today in its report.
Read more at Bloomberg Bonds News
Investors Service are likelier to face lower ratings after
management gives in to shareholder activists, according to a
report from the credit-rating service.
Short-term shareholders, with an investment horizon of less
than two years in a stock, have commonly used media coverage and
the threat of proxy fights, among other tactics, to push for
strategic or financial changes such as acquisitions, asset sales
and share buybacks, Moody's said today in its report.
Read more at Bloomberg Bonds News
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