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Rithum Holdings, Inc.: Update to credit analysis following downgrade

Our credit view of this issuer reflects its very high debt leverage and weak liquidity, partially mitigated by its healthy long term growth prospects.

Moody's Ratings downgrades Rithum Holdings, Inc.'s CFR to Caa1 from B3...

Moody's Ratings (Moody's) downgraded Rithum Holdings, Inc.'s ("Rithum") corporate family rating ("CFR") to Caa1 from B3 and its probability of default rating ("PDR") to Caa1-PD from B3-PD. Concurrently, we assigned a B3 rating to the company's recently extended $41.7 million backed senior secured fi...

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