Moody's changes Nobian view to negative

Moody's Investors Service said it changed its outlook for Nobian Finance BV to negative from stable and affirmed its ratings, including the B2 ratings for the backed senior secured term loan, the backed senior secured global notes and the backed senior secured multicurrency revolving credit facility.

“The negative outlook reflects Moody's expectation that softer end market demand will result in deteriorating credit metrics over the next 12 to 18 months. Also, the negative outlook highlights increased risks of production cuts at Nobian's or its customers' production sites as a result of sustained high energy costs or potential energy supply disruptions,” the agency said in a press release.

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