Moody's affirms Jason ratings

Moody's Investors Service said it affirmed Jason Inc.'s B1 corporate family rating as well as the B1 (LGD-3, 30%) ratings on its secured bank credit facilities.

Jason is seeking an increase of $10 million to the term portion of its senior secured credit facilities, which include a $35 million revolving credit commitment, that would take the outstanding balance to roughly $229.4 million. In addition it has requested amendments to the credit agreement. Jason's probability of default ratings of B2-PD has also been affirmed.

The outlook remains stable, Moody's said.

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