Moody’s changes Confie Seguros view

Moody's Investors Service said it affirmed the Caa1 corporate family rating and Caa1-PD probability of default rating of Confie Seguros Holding II Co.

The agency also affirmed the company's first-lien term loan and revolver ratings at B3 and its second-lien term loan at Caa3.

The outlook was changed to negative.

“Confie is exploring strategic alternatives for its capital structure, including a possible refinancing,” Moody’s said in a news release.

“The success of these initiatives will depend on such factors as Confie's operating performance and the receptiveness of the capital markets.”

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