Moody's Cuts Gogo's Rating to B2 Citing Rising Competitive Pressures and Leverage Concerns
Moody's Investors Service lowered Gogo Inc.'s corporate family rating to B2 from B1 while keeping a stable outlook, pointing to heightened competition in business-aviation connectivity, execution risks tied to the company’s strategic shift, and governance issues amid elevated leverage. The downgrade follows recent acquisitions and product launches …