Moody's downgrades Alorica

Moody's Investors Service said it downgraded its ratings for Alorica Inc., including the company's corporate family rating to Caa3 from Caa2, probability of default rating to Caa3-PD from Caa2-PD and the first-lien senior secured credit facility rating, including revolving credit facility, term loan A and term loan B to Caa3 from Caa2.

The agency changed the outlook to negative from rating under review. This action ends the review for downgrade Moody’s started on Feb. 12.

“The downgrade to Caa3 CFR and negative outlook reflects the heightened risk that Alorica may not be able to address its upcoming debt maturities in a timely manner and on commercially viable terms,” said the agency in a press release.

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