Moody's ups Hunter Fan loans

Moody's Investors Service said it upgraded Hunter Fan's first-lien credit facility rating to B1 from B2 and second-lien credit facility rating to Caa1 from Caa2.

At the same time, the corporate family rating and the probability of default rating were affirmed at B3.

The outlook remains stable.

"Hunter prepaid about $12 million of its senior secured first-lien term loan and this pushed up the debt instrument ratings in the company's liability waterfall," Moody's analyst Mariko Semetko said in a news release.

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