Israeli Spyware Firm NSO Seen at Risk of Default as Sales Drop – Bloomberg

NSO Group is dealing with a rising hazard of default on round $500 million of debt amid a money burn that’s anticipated to proceed this yr after new export restrictions from the U.S., Based mostly on Moody’s Buyers Service.

The credit rating grading agency on Monday reduce NSO’s rating by two notches to Caa2, or eight ranges under funding grade. It said the Israeli adware agency is at elevated hazard of breaching phrases of its debt agreements.

Source: https://www.bloomberg.com/news/articles/2021-11-22/israeli-spyware-firm-nso-seen-at-risk-of-default-as-sales-drop

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