Moody's affirms Hub International

Moody's Investors Service said it affirmed the ratings of Hub International Ltd. following the company's announcement that it is syndicating amendments and extensions of its senior secured credit facilities.

The facilities to be amended and extended include senior secured term loans rated B1, a U.S. senior secured revolving credit facility rated B1 and an unrated Canadian senior secured revolving credit facility.

The outlook is stable.

"The proposed amendments are credit positive," Moody's lead analyst for Hub Bruce Ballentine said in a news release, "as the company is extending maturity dates on a significant portion of its debt."

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