Moody’s Downgrading of Equifax Is a Message to Boards

Moody’s Downgrading of Equifax Is a Message to Boards While affirming Equifax’s senior unsecured rating at Baa1 and short-term rating at Prime-2, Moody’s Investor Services downgraded the company’s outlook from stable to negative due to the 2017 cyber-attack. “The outlook revision to negative reflects weaker operating performance and credit metrics than originally expected following the cybersecurity breach in 2017,” the May 17 rating action notice stated.

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