AO shares plummet as insurer cuts cover

AO washing machine

Questions have been raised over AO’s finances after its credit insurer reduced its cover.

AO has been impacted by a cut in credit cover by Atradius, the credit insurance division of Grupo Catalana Occidente.

Atradius provides credit insurance for AO’s suppliers, protecting them against the risk of the business going bust and leaving orders being made and not paid for.

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