Moody's affirms FleetPride

Moody's Investors Service said it affirmed FleetPride Corp.'s B2 corporate family rating and the B1 rating on the senior secured credit facilities.

The outlook remains stable.

Moody's said the review was prompted by the company's plan to raise a $60 million incremental term loan with proceeds being used to finance acquisitions and the affirmation reflects Moody's view that the transaction does not materially change the company's credit profile and that operating trends will remain favorable despite the uncertain macro environment.

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