Moody's downgrades Erickson's PDR to D-PD on bankruptcy filing
Ratings to be withdrawn on $400 million of rated senior secured second-lien notes. New York, November 11, 2016-- Moody's Investors Service, downgraded the Probability of Default Rating of Erickson Incorporated to D-PD from Caa3-PD and Corporate Family Rating to Ca from Caa3, following the company's announcement on November 9, 2016, that it filed for relief under Chapter 11 of the U.S. bankruptcy code in the U.S. Bankruptcy Court for the Northern District of Texas,, for itself and...
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