Moody's revises Dayco's outlook to negative; assigns B2 rating to new sr. secured term loan
Rating Action: Moody's revises Dayco's outlook to negative; assigns B2 rating to new sr. secured term loan. Global Credit Research- 24 Apr 2017. New York, April 24, 2017-- Moody's Investors Service changed Dayco Products, LLC's rating outlook to negative from stable, moved the company's B2 Corporate Family Rating and B2-PD Probability of Default Rating to Dayco Products, LLC from Dayco, LLC, downgraded the rating on the existing term loan to B2 from B1 and assigned a B2 rating to the...
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