Moody's: LN Acquisition view stable

Moody's Investors Service said it changed the outlook for LN Acquisition Corp., a wholly owned subsidiary of Lincoln Holdings Enterprises Inc., to stable from negative.

The corporate family and probability-of-default ratings were affirmed at B2.

The agency has B1 ratings (LGD3, 32% from 34%) on its first-lien loans and Caa1 rating (LGD5, 84% from 85%) on its second-lien term loan.

The stable outlook reflects the positive trends in Lincoln's operating performance and the reduction in leverage, according to the agency.

The affirmation of the B2 corporate family rating reflects Lincoln's relatively high leverage, small scale and exposure to cyclical end markets, the agency said.

The rating is supported by Lincoln's strong margins, stable cash generation and a good liquidity profile, Moody's said.

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