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Moody’s acts on Armor, GFI, Oppenheimer
Moody's Investors Service said it placed Armor Holdco, Inc.'s B3 corporate family rating on review for downgrade.
The agency also placed Armor Holding II LLC's B2 senior secured first-lien bank credit facility and revolving credit facility on review for upgrade, and its Caa1 senior secured second-lien bank credit facility on review for downgrade.
In addition, Moody's assigned GFI Group Inc. a corporate family rating of Ba2 and affirmed its Ba2 backed senior unsecured rating both with a stable outlook, and withdrew its Ba2 issuer rating.
Finally, the agency affirmed Oppenheimer Holdings, Inc.'s B2 corporate family rating and changed the outlook to stable from positive. It upgraded the backed senior secured rating to B1 from B2, with stable outlook.
Moody's said the actions follow the publication of its new securities industry service providers rating methodology, which incorporates a number of changes and enhancements from Moody's previous rating methodology for rating these securities firms.
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