TRIS Rating downgrades the company rating on STARK Corporation PLC (STARK) to ?D?. The downgrade follows STARK?s interest payment default on its debentures (STARK239A and STARK249A). According to the announcement by the debentures? registrar on 2 June 2023, the company has suspended the debenture interest payments due on 2 June 2023.
RELATED CRITERIA
- Corporate Rating Methodology, 15 July 2022
- Key Financial Ratios and Adjustments for Corporate Issuers, 11 January 2022
STARK Corporation PLC (STARK)
Company Rating: D
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