Moody's: Blount view negative

Moody's Investors Service said it revised the outlook for Blount, Inc. to negative from stable and affirmed its existing ratings, including its Ba3 corporate family rating, B1 probability of default rating and Ba3 senior secured bank credit facility ratings.

Moody's said the change in outlook reflects its expectation that the turmoil in global financial markets and weakness in Europe and Asia will continue to hamper Blount's revenues and operating margins (although the latter still remain strong) as well as weaken key credit metrics.

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