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Moody's: Harbinger view negative
Moody's Investors Service said it confirmed all ratings of the Harbinger Group, including its B3 corporate family rating.
The outlook has been revised to negative.
Moody's said it expects Harbinger to identify strategic acquisitions. "We are concerned that the combination of negative events for Harbinger Capital and for the executive officers of Harbinger Group may divert the executive officer's attention away from identifying such acquisitions," Moody's senior credit officer Kevin Cassidy said in a news release.
Acquiring a non-strategic acquisition could also put pressure on the rating, the agency said.
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