Moody's reviews Global Power

Moody's Investors Service said it placed Global Power Equipment Group, Inc.'s B2 corporate family and probability-of-default ratings, senior secured revolving credit facility rating of Ba2 (LGD2, 22%) and senior secured term loan rating of B3 (LGD4, 60%) under review for downgrade.

The review will focus on the credit agreement cash flow sweep mechanism, the decline in new product bookings and prospects for covenant compliance, according to the agency.

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