Moody's: Artel view to negative

Moody's Investors Service said it revised the rating outlook of Artel, LLC to negative from stable.

Concurrently, all ratings, including the B3 corporate family rating, were affirmed.

Moody's said the negative outlook reflects a slower than expected rate of new task awards that the company has been experiencing under one of its key contract vehicles.

Without a greater flow of new orders, Artel's backlog will probably not grow over 2013 as was envisioned in October 2012 when the rating was initially assigned, the agency said.

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