Moody’s alters ATS outlook to positive

Moody's Investors Service said it changed the outlook for ATS Corp. to positive from stable and affirmed its corporate family rating at Ba3, the company's probability of default rating at Ba3-PD and its senior unsecured rating at B2. The speculative grade liquidity score was maintained at SGL-2.

"Our positive outlook reflects a faster pace of deleveraging compared to Moody's previous expectation." said Jason Mercer, a Moody’s vice president, in a press release.

"It also reflects recent revenue growth and the successful integration of its acquisitions over the past several years," Mercer added.

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