Tag Archives for " Moody’s "
All of us connected with the music industry have been watching the financial news of both Guitar Center and Gibson for quite a while now, and they deserve our close attention. That’s what comes with being a major player in the business and a giant piece of the American music scene. I don’t think it […]Continue reading
There are signs that Gibson’s move to diversify isn’t working out as planned. Moody’s Investor Service has downgraded Gibson Brands (formerly Gibson Guitar Corporation) credit to junk status, and according to reports, the company has put up two of its Nashville warehouses for sale as a result. Moody’s gave 3 reasons for the downgrade: 1. […]Continue reading