Getty Images Downgraded on Weaker Liquidity, Merger Doubt

Moody’s Ratings cut Getty Images Inc.’s credit rating deeper into junk territory, citing weakening liquidity, with lingering uncertainty over a potential merger with Shutterstock Inc. adding to the pressure.

The firm downgraded the visual media company’s rating by two notches to Caa1 from B2, according to a report released Tuesday, and revised the outlook to negative from stable, signaling the risk of further deterioration.