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Moody's: Brink's notes Baa3
Moody's Investors Service said it assigned a Baa3 rating to The Brink's Co.'s $400 million unsecured revolving credit agreement.
The outlook is stable.
Moody's said the rating reflects Brink's market leadership across a number of security related services, which have been consistently profitable and, historically, free cash flow generative.
The rating recognizes a globally diversified footprint with ongoing growth prospects linked to GNP trends, still moderate leverage, and a good liquidity profile, according to the agency.
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