Moody’s Downgrades Clover Parent 4L’s Debt, Warns Risk of Default Is High


On July 11, Moody’s Investors Service (Moody’s) announced it had lowered its debt rating to Caa3 from B3 for 4L Technologies (4L), which operates Clover Imaging Group (CIG). News that Moody’s rating had been downgraded from “stable” to “negative” followed a July 10 Bloomberg report saying 4L is considering new strategic actions as the value of

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