Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Aston Midco Ltd. > News item |
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.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.