Moody’s revises Milk Specialties view to stable

Moody’s Investors Service said it changed the outlook of Milk Specialties Co. to stable from negative while affirming all ratings, including the B2 corporate family and first-lien term loan ratings.

Moody’s also assigned a B2 rating to Milk Specialties’ revolving credit facility, which had its maturity date extended from August 2021 to August 2023.

“The stabilization of the outlook reflects Milk Specialties’ stronger operating results and improved leverage, driven by the recovery of demand for its human nutrition products,” said Louis Ko, a Moody’s vice president and senior analyst, in a press release.

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