Moody’s changes Milk Specialties view downward

Moody’s Investors Service said it changed the rating outlook of Milk Specialties Co.’s to negative from stable, while affirming all existing ratings, including its B2 corporate family rating, and B2-pd probability of default rating. Concurrently Moody’s affirmed the B2 ratings on its first-lien credit facility comprised of the revolver and term loan.

“The negative outlook reflects Milk Specialties’ weaker than expected operating results and high leverage,” said Louis Ko, Moody’s lead analyst for Milk Specialties, in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.