Moody's trims Sabre Industries

Moody's Investors Service downgraded the ratings of Tiger Acquisition, LLC (Sabre Industries, Inc.), including the corporate family rating and the first-lien senior secured bank credit facility ratings to B2 from B1.

“The ratings downgrade is driven by continued macroeconomic-related supply chain and inflationary cost pressures. Due to the aforementioned, although Moody's expects credit metric improvement over the next 12 to 18 months, leverage will remain above the levels expected for the B2 rating. Additionally, rising interest rates will consume incremental cash flow which will constrain debt repayment and meaningful deleveraging, despite the company having some hedging instruments in place,” the agency said in a press release.

The outlook is stable.

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