Homer defiant over "negative" outlook
Towergate chief executive Andy Homer has refuted rating agency Moody's claim that its short-term outlook is 'negative', insisting it will not sell off parts of the business to cut debt.
Moody's predicted a gloomy outlook for the next 12 to 18 months, changing its outlook from 'stable' to 'negative', and cited Towergate's inability to deleverage debt as a key factor in the decision.
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