Moody’s changes Brink's view to stable

Moody's Investors Service said it affirmed Brink's Co.'s Ba1 corporate family rating, Ba1-PD probability of default rating, Ba2 senior unsecured and SGL-2 speculative grade liquidity ratings.

The outlook was revised to stable from negative.

“Although Brink's will likely incur additional debt to fund acquisitions, Moody's expects sustained growth in profit rates and free cash flow, driven by new products and multi-faceted cost reduction initiatives, especially in its relatively-low profit but large North American operations, leading to the revision of the outlook to stable from negative,” Edmond DeForest, Moody's senior credit officer, said in a news release.

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