Citadel hangs onto ‘bottom rung’Don @ IdahoRadioNews | March 11, 2009
Citadel Communications joins some big national brands like Arby’s and Krispy Kreme on a new list provided by credit rating agency Moody’s.
Unfortunately, it’s a list no one wants to be on. Moddy’s says Citadel is on the “bottom rung” — a list of about 280 companies most likely to default on their debt in the coming year.
Moody’s thinks about 45% of the companies on the list could default within a year.
On the stock watch – Citadel (CTDB.PK) is hanging at four cents.