Moody's shifts Sabre view to positive

Moody's Investors Service said it changed the outlook for Sabre Industries, Inc. to positive, from stable. Concurrently, Moody's affirmed Sabre's corporate family rating and probability of default rating at B2 and B2-PD, respectively. Moody's also affirmed the company's first-lien senior secured debt ratings at B2.

The change in outlook to positive is based on Moody's expectation Sabre's financial risk profile will continue to improve as the company executes on its sizable backlog and capitalizes on stable end-market fundamentals and a good liquidity profile. The company is proactively repaying almost $30 million of term loan debt in conjunction with a repricing transaction currently being executed.

“Sabre benefits from a strong competitive position as a provider of infrastructure products and services to the utility and telecom sectors, and we expect that it will be able to continue to demonstrate improving profitability and cash flows,” said Gigi Adamo, a Moody's vice president, in a press release.

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