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Prospect News home > News index > List of issuers F > Headlines for Flexi-Van Leasing, Inc. > News item |
Moody’s confirms Flexi-Van
Moody's Investors Service said it completed its review of Flexi-Van Leasing Inc. and confirmed the Caa2 rating on the company’s 10% senior secured second-lien notes due 2023.
Moody’s started the review after the company offered to exchange the existing notes for new 10¼ senior secured second-lien notes. Flexi-Van didn’t issue any new notes.
The company’s Caa1 corporate family rating and Caa1-PD probability of default rating are unchanged.
The outlook is negative.
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