Moody's changes LHS outlook to negative

Moody's Investors Service said it changed LHS Borrower, LLC’s outlook to negative from stable and affirmed its B2 corporate family rating, B2-PD probability of default rating and the B1 rating on the company's senior secured credit facility.

"LHS faces the challenge of successfully executing credit metric improvement through operating efficiencies, cost reduction initiatives, and business vertical expansion, while growth rates in its core business, LeafFilter Gutter Protection, have materially fallen," said Scott Manduca, a Moody’s vice president, in a press release.

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