Moody's ups Quality Distribution

Moody's Investors Service said it raised all debt ratings of Quality Distribution, LLC, including the corporate family rating to B3 from Caa1.

The outlook has been changed to positive.

Moody's said the upgrades reflect steady improvement in the company's operating performance and credit metrics and the progress made in resolving the internal control problems as Quality remediated the material weaknesses cited in its 2005 report on internal controls.

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