Moody’s revises Casa outlook to stable

Moody’s Investors Service said it changed the outlook to stable from negative and affirmed Casa Systems, Inc.’s corporate family rating of B3, probability of default rating of B3-PD, and senior secured credit facility rating of B3. Moody’s also upgraded the speculative grade liquidity rating to SGL-2 from SGL-3.

“The action follows improvements in Casa’s EBITDA and free cash flow generation in recent periods and Moody’s expectation for improving profitability in 2021,” the agency said in a press release.

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