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What: Shares of Ship Finance International
So what: Moody's cut its rating on Ship Finance's paper from Ba3 to B1, even deeper into junk territory. The rating is also still on review, and an additional downgrade is even potentially on the table.
Now what: Ship Finance has exposure to Frontline
Interested in more info on Ship Finance International? Add it to your watchlist.
Fool contributor Evan Ni uholds no position in any company mentioned. Check out his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.