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Moody's lifts Quality Distribution outlook
Moody's said it affirmed the B3 corporate family rating and second lien note rating on Quality Distribution, LLC. The agency also revised the outlook to positive from stable.
The SGL-3 speculative grade liquidity rating was also affirmed.
The agency said the revision of the outlook to positive reflects Moody's expectation that credit metrics will continue to be strong for the B3 rating category stemming from anticipated EBITDA growth, positive cash flow generation and increased participation in the high growth energy logistics sector.
However, the outlook also reflects uncertainty related to the timing, scale and funding of future acquisitions, particularly in the energy logistics sector and the attendant integration risks.
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