Moody’s might cut Quality Distribution

Moody's Investors Service said it placed the ratings of Quality Distribution, LLC, including its B2 corporate family and B2-PD probability of default ratings, under review for downgrade.

The review follows the announcement that its parent company, Quality Distribution, Inc., announced that it entered into a definitive agreement to be acquired by funds advised by Apax Partners, a global private equity firm, for about $800 million, including the assumption of debt.

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