Moody’s shifts Huntsworth view to positive

Moody’s Investors Service said it revised the outlook for CD&R Artemis Holdco 3 Ltd. (Huntsworth) to positive from stable.

“Today’s outlook change to positive on Huntsworth’s ratings primarily reflects the combination of scale and business profile improvements that the acquisition of Nucleus Global brings to the company,” said Frederic Duranson, a Moody’s assistant vice president and lead analyst for Huntsworth, in a press release. “The acquisition will be slightly deleveraging and, in addition, strong year to date performance means we now expect that Huntsworth will grow EBITDA in 2020.”

Moody’s also affirmed Huntsworth’s B3 corporate family rating, the B3-PD probability of default rating. and the B2 instrument ratings on the senior secured facilities borrowed by CD&R Artemis UK Bidco Ltd. and CD&R Artemis Bidco Inc.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.