There are two nicely asked and one not so nicely asked PM's to me basically asking; "Why the f*** is Royal Sports not rated an F- ?!"
There is a lot of smoke coming from Royal but we do not yet see the fire.
What we have confirmed for now are a few slow pays. A couple of isolated slow pays are typical from a D- rated book. We are also up to speed on the disturbing rumors of Tej slow paying absolutely the wrong people (bad azz credit bookies here in CR), Royal employees out in force job hunting and Tow's mole who has suggested a curtain call in a matter of weeks or even sooner.
But this is Costa Rica and if Tej's dog gets sick the story can change to Royal is closing. So for now we wait. When there is more material evidence to affect their rating, good or bad, then a change will be made.
There is a lot of smoke coming from Royal but we do not yet see the fire.
What we have confirmed for now are a few slow pays. A couple of isolated slow pays are typical from a D- rated book. We are also up to speed on the disturbing rumors of Tej slow paying absolutely the wrong people (bad azz credit bookies here in CR), Royal employees out in force job hunting and Tow's mole who has suggested a curtain call in a matter of weeks or even sooner.
But this is Costa Rica and if Tej's dog gets sick the story can change to Royal is closing. So for now we wait. When there is more material evidence to affect their rating, good or bad, then a change will be made.
