Moody's affirms Montreign's B3 CFR; downgrades term B to B3, assigns B3 to term A
New York, December 20, 2016-- Moody's Investors Service, affirmed Montreign Operating Co., LLC's B3 Corporate Family Rating and a B3-PD Probability of Default Rating following the company's decision to modify its proposed debt offering to include a $70 million 1st lien term loan A along with a $390 million 1st lien term loan B. Moody's also downgraded the company's $390 million term loan B to B3 from B2. A B3 rating was assigned to the company's $70 million first lien term loan A. The...
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