Moody’s ups Atkore view to stable

Moody's Investors Service said it changed Atkore International, Inc.'s outlook to stable from negative.

At the same time, the agency affirmed the B3 corporate family rating, B3-PD probability of default rating, the B3 rating on the senior secured first-lien term loan and the Caa2 rating on the senior secured second-lien term loan.

The change in outlook reflects the recent improvement in Atkore's operating results and the expectation this trend will continue and lead to improved credit metrics, the agency said.

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