Moody’s lifts Omnitracs view to stable

Moody's Investors Service said it affirmed Omnitracs, Inc.'s B2 corporate family rating, B2-PD probability of default rating, the B1 ratings on the first-lien debt facilities and the Caa1 rating on the second-lien credit facility.

The outlook was changed to stable from negative.

The change to a stable outlook reflects Moody's expectation that Omnitracs will resume organic revenue growth in fiscal year 2016 and demonstrate improving EBITDA margins, resulting in leverage trending toward 6 times by the end of fiscal year 2016.

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