Moodys, one of the global credit rating agencies has slapped the data analytics firm with a drastic credit rating downgrade. With the downgrade, Equifax will have a hard time paying for their current loans, including the tougher time of persuading financial institutions for any future creditors. The downgrade is highlighted with the demotion of Equifax’s credit outlook from stable to negative, which will be felt by the company in the current year. The company’s $690 million after data breach expenses that Equifax had to absorb as the justification for the downgrade.”]
Source: https://hackercombat.com/equifaxs-nightmare-continues-credit-rating-negative/