Moody's downgrades Echo's CFR to B3, first-lien debt rating to B2; outlook stable
Moody's Investors Service (Moody's) downgraded the ratings of Echo Global Logistics, Inc. ("Echo"), including its corporate family rating (CFR) to B3 from B2 and probability of default rating (PDR) to B3-PD from B2-PD. In addition, Moody's downgraded the company's first lien senior secured credit fa...Echo Energy is a holding company for a group of companies engaged in the exploration, appraisal and development of oil and natural gas producing assets.
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