The GEO Group Aktie

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WKN DE: A11662 / ISIN: US36162J1060

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26.09.2016 19:08:00

Moody's: Cash flows to prison REITs less certain as use of private operators questioned

New York, September 26, 2016 -- Cash flows from the Bureau of Prisons to Moody's-rated prison real estate investment trusts (REITs) are less certain following the announcement by the US Department of Justice that it will phase out its use of privately operated prisons, the rating agency says in a new report. Moody's downgraded the senior unsecured ratings of Corrections Corporation of America and GEO Group, Inc., and revised their rating outlooks to negative from stable, on August 19, the day after the announcement.

Vollständigen Artikel bei Moodys lesen