Moody's could lift Gavilon

Moody's Investors Service said it placed the Gavilon Group LLC's Ba3 corporate family rating, Ba2 ABL credit facility rating and Ba3 senior secured term loan rating under review for upgrade.

The review follows the announcement that the company signed a definitive agreement to be acquired by Marubeni Corp.

"The acquisition by Marubeni would be positive from a credit standpoint even if Marubeni doesn't guarantee the debt as Gavilon would have a strategic owner with access to substantial capital," Moody's senior vice president John Rogers said in a news release.

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