{"id":9919,"date":"2025-01-17T13:31:11","date_gmt":"2025-01-17T13:31:11","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=europe&#038;p=9919"},"modified":"2025-01-17T13:57:07","modified_gmt":"2025-01-17T13:57:07","slug":"codere-in-freefall-moodys-withdraws-credit-ratings","status":"publish","type":"europe","link":"https:\/\/www.mundovideo.com.co\/en\/europe\/codere-in-freefall-moodys-withdraws-credit-ratings\/","title":{"rendered":"Codere in Freefall: Moody\u2019s Withdraws Credit Ratings"},"content":{"rendered":"\n<p>Moody\u2019s Investors Service has officially withdrawn all credit ratings for Codere S.A., a prominent player in the gaming and betting industry. This decision highlights the company\u2019s financial instability and ongoing restructuring efforts.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.mundovideo.com.co\/landing\/multigame-link\/\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"340\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png\" alt=\"\" class=\"wp-image-9725\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-300x102.png 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-768x261.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure>\n\n\n\n<p>The withdrawal aligns with Moody\u2019s policy to retract ratings when sufficient information is unavailable or when significant corporate changes occur. According to the agency, <em>\u201cthe lack of updated data prevents a reliable assessment of Codere\u2019s creditworthiness.\u201d<\/em><\/p>\n\n\n\n<p>Codere, listed on the New York Stock Exchange (NYSE), has been implementing restructuring plans to secure its long-term sustainability. However, Moody\u2019s withdrawal of credit ratings introduces additional uncertainty, potentially undermining investor confidence.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized text-center\"><img loading=\"lazy\" decoding=\"async\" width=\"268\" height=\"188\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/01\/codere-in-freefall-moodys-withdraws-credit-ratings2.jpg\" alt=\"\" class=\"wp-image-9920\" style=\"width:467px;height:auto\"\/><\/figure>\n\n\n\n<p>Over the past few years, Codere has faced severe financial challenges, exacerbated by the pandemic and an increasingly competitive market. Despite its strong international presence in key markets across Europe and Latin America, the company now faces heightened scrutiny and pressure from stakeholders.<\/p>\n\n\n\n<p>The move by Moody\u2019s raises questions about Codere\u2019s ability to regain stability and maintain its position in the industry. For further insights into Codere\u2019s financial standing and its implications for the gaming sector, visit <a href=\"https:\/\/www.mundovideo.com.co\/en\/?s=codere+\">Mundovideo<\/a>, a trusted source for industry news and analysis.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Thus, a family manipulated the actions of Amper, Codere and Quabit<\/strong><\/p>\n\n\n\n<p>The article from <em>Cinco D\u00edas<\/em> titled <a href=\"https:\/\/cincodias.elpais.com\/cincodias\/2019\/07\/05\/mercados\/1562334357_793183.html\">&#8220;As\u00ed manipul\u00f3 una familia las acciones de Amper, Codere y Quabit&#8221;<\/a> details how the Garc\u00eda-Milla family manipulated the stock prices of Amper, Codere, and Quabit. The family executed simultaneous buy and sell orders, significantly influencing the market prices of these low-capitalization companies. For instance, on December 31, 2015, their trades accounted for 38% of Amper&#8217;s purchase volume and 79% of its sales volume, leading to a 15% price increase. The Spanish National Securities Market Commission (CNMV) identified 15 suspicious trading sessions in 2015, with the family&#8217;s activities representing up to 50% of the trading volume in Codere.<\/p>\n\n\n\n<p>This manipulation strategy involved purchasing shares at low prices, artificially inflating their value through coordinated trades, and then selling them for profit, resulting in gains of approximately \u20ac128,292.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thus, a family manipulated the actions of Amper, Codere and Quabit<\/p>\n","protected":false},"author":1,"featured_media":9921,"menu_order":205,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[3889,846],"class_list":{"0":"post-9919","1":"europe","2":"type-europe","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-codere","8":"tag-moodys","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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