Moody's withdraws NN ratings

Moody's Investors Service said it withdrew all its ratings on NN Inc.’s debt, specifically the B3 senior secured and corporate family ratings, the B3-PD probability of default rating and the SGL-3 speculative grade liquidity rating, as well as the stable rating outlook.

The withdrawal follows the remaining $70 million on NN's term loans due 2022 being repaid in full and NN's revolving credit facility set to expire in 2022 is being replaced with a new revolver Moody’s said.

© 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.