Raleigh owner Accells credit rating downgraded for fourth time in a...

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2024-06-13 16:30:02 -

Raleigh owner Accells credit rating downgraded for fourth time in a year, as groups cargo bike company slammed for shambles recall of faulty frames

According to Fitch Ratings, which has downgraded Accell Groups rating to CCC-, the companys weak operating performance, tight liquidity, and negative free cash flow results in unsustainable credit metrics

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