Moody’s ‘cautiously optimistic’ over Iceland’s future despite weak results

The agency believes Moody’s can reduce its debt and its Moody’s adjusted gross debt to EBITDA leverage ratio over the next 12-18 month

Moody’s has said it is “cautiously optimistic” over Iceland Foods’ financial future and prospects of tackling its bond debt, despite the group reporting “weaker” than expected results.

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