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Moody’s changes Granite Acquisition view
Moody’s Investors Service said it changed the outlook of Granite Acquisition, Inc. to stable from negative.
At the same time, the agency affirmed Granite's ratings, including its B1 corporate family rating, B1 first-lien senior secured rating and SGL-2 speculative grade liquidity rating.
“Over the last 18 months, Granite's overall operations have stabilized, and its financial profile has remained relatively steady, despite weak U.S. power market conditions,” Moody’s said in a news release.
“We now expect Granite to maintain a relatively similar business risk profile and produce stable financial metrics over the next few years.”
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