Terra Firma's Four Seasons Bonds Slide After Moody's Rating Cut

  • Secured notes fall to record low after three-level downgrade
  • Care-home operator's earnings squeezed by shortage of nurses

Bonds of Four Seasons Health Care Ltd., the care-home operator owned by Guy Hands’ Terra Firma Capital Partners, fell to a record low after being downgraded three levels by Moody’s Investors Service.

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