Moody's says that Pike's debt increase and concurrent acquisition is credit negative but has no impact on ratings
Announcement: Moody's says that Pike's debt increase and concurrent acquisition is credit negative but has no impact on ratings. Global Credit Research- 09 Jul 2019. New York, July 09, 2019-- Moody's Investors Service said that Pike Corporation's $85 million increase in total debt, which will be partially used to finance the purchase of the assets of a utilities infrastructure company, is credit negative because it increases leverage and business risk.
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