Moody's views Doosan Bobcat positively

Moody's Investors Service said it changed the outlook on Doosan Bobcat Inc. (DBI) and Clark Equipment Co. to positive from stable.

"The outlook change to positive primarily reflects the Doosan group's improving credit quality, which in turn reduces the credit drag on DBI. The rating action also reflects DBI's robust financial profile, which provides a significant buffer against the risk of providing support to group affiliates," said Sean Hwang, a Moody's assistant vice president and analyst, in a press release.

The agency concurrently affirmed DBI's Ba3 corporate family rating and the Ba3 rating on the backed senior secured term loan facility borrowed by Clark Equipment and guaranteed by DBI.

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