Companies with investments in six shuttered Franklin funds stare at downgrades

Published On: Tuesday, April 28, 2020 | By: Team KnowMyStock

Companies with investments in the six shuttered credit funds run by Franklin Templeton now stare at a possible downgrade of their credit ratings as their liquidity profile could undergo a change if they are unable to redeem their investments said, experts. Rating firms have begun to demand from clients their exposure to the fund to figure out the magnitude of the hit that these companies could face. A weakened liquidity profile will lead to a rating downgrade.

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