Moody's rates Allen-Vanguard loans B1

Moody's Investors Service said it assigned Allen-Vanguard Corp. a B1 corporate family rating and a B2 probability-of-default rating.

The agency also assigned B1 ratings (LGD3, 31%) to the C$50 million revolving facility and C$200 million term facility.

The outlook is stable.

The B1 corporate family rating reflects sizable execution risks with the company's plans to replace an expected reduction in Chameleon electronic counter-measure procurement revenue, Moody's said.

The rating also considers the company's strong portfolio of personal protection and services businesses, the agency said.

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