Moody’s drops Monitronics ratings

Moody's Investors Service said it downgraded Monitronics International, Inc.'s (Brinks Home) probability of default rating to D-PD from C-PD due to the company's May 15 filing for protection under Chapter 11 of the U.S. Bankruptcy Code.

Moody's also affirmed the corporate family rating at Ca, the company's senior secured super-priority debt at B1 and the senior secured term loan at Ca.

The outlook is stable.

“Shortly following these rating actions, Moody's will withdraw all of Monitronics' ratings,” the agency said in a statement.

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