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Stock impact report

New Fortress (NFE) Falls 5% on Credit Concerns [Yahoo! Finance]

New Fortress Energy Inc. - Class A (NFE) 
Last new fortress energy inc. - class a earnings: 3/4 12:02 am Check Earnings Report
Company Research Source: Yahoo! Finance
New Fortress dropped for a second day on Tuesday, shedding 5.17 percent to close at $1.10 apiece amid lingering concerns over its financial standing, further dampened by a credit rating downgrade from S&P Global Ratings. Earlier this month, New Fortress Energy Inc. (NASDAQ:NFE) announced that it has extended its forbearance agreement with holders of its new senior secured notes due 2029 from December 15, 2025 to January 9, 2026 ahead of the completion of its restructuring with its stakeholders. Oleksandr Kalinichenko / Shutterstock.com Following the news, S&P Global Ratings lowered its credit rating for New Fortress Energy Inc. (NASDAQ:NFE) to ‘SD,' as well as its senior secured term loan B due 2028 to ‘D' from both CCC-. An SD (Selective Default) rating means that New Fortress Energy Inc. (NASDAQ:NFE) has failed to meet its specific financial obligations but is expected to continue meeting its commitments, while a CCC means that a company is currently highly vulnerable to no Show less Read more
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