Moody's affirms Transport Industries

Moody's Investors Service said it affirmed the debt ratings of Transport Industries LP, senior secured at B2; and changed the outlook to stable.

The affirmation reflects Moody's assessment of the company's credit profile pro forma for the proposed $40 million increase to the existing term loan facility and an amendment to the permitted acquisitions basket of the credit facility, which will permit up to $100 million of acquisitions, up from $80 million prior to the amendment.

Moody's said the ratings consider its belief that Transport will continue to pursue acquisitions in a manner that will not cause a meaningful deterioration in leverage and coverage metrics.

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