Moody’s: ASP Emerald view to stable

Moody's Investors Service said it changed the outlook for ASP Emerald Holdings, LLC to stable from negative as a result of a decline in leverage and improved performance.

Moody's also affirmed the ratings of Emerald, including the corporate family rating at B2, as well as the B1 and Caa1 ratings of Emerald Performance Materials LLC’s first- and second-lien credit facilities, respectively.

"The change in Emerald's outlook reflects expectations for continued leverage improvement through a combination of EBITDA growth and debt reduction," Lori Harris, Moody's lead analyst for ASP Emerald, said in a news release.

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