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Raser Technologies Files for Bankruptcy

Posted by modeFinance on May 2, 2011 at 13:09
Raser Technologies Inc., based in Provo, is a US - based public company engaged in geothermal power development and technology licensing. According to the news published on April the 29th, the company goes bankrupt (link). Check modeFinance Credit Report (link) on Raser Technologies Inc. out and see the deterioration in the MORE ratings within the years. The ratings got worsened year by year as it was B in 2007 and became CC in 2009.As observed from the report, the profitability indicators have presented low performances within the three fiscal years. Regarding the solvency, the results have worsened starting from 2007 (leverage was 0.22 in the year 2007 and reached to 8.16 in the year 2009).
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