Moody’s alters Aston outlook to negative

Moody’s Investors Service said it revised its outlook for Aston Midco Ltd. (Advanced) and its subsidiary Aston FinCo Sarl to negative from stable.

The agency said it expects the company's cash flow generation will remain negative over the next 12-18 months despite improvements in profitability. The outlook also reflects the agency's expectation that Advanced's liquidity profile will deteriorate over the coming quarters.

Concurrently, Moody’s affirmed Caa1 corporate and probability of default ratings, and the B3 senior secured first-lien term loans and the senior secured revolving credit facility ratings.

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