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Moody's turns Q Holding view to stable
Moody's Investors Service said it changed Q Holding Co.’s outlook to stable from negative.
“The change of outlook to stable reflects Moody's expectations that the recovery in demand for the company's products will be sustained over the near to intermediate term, after a decline in 2020 due to the coronavirus pandemic. The stabilization of the outlook further reflects the resilience of the company's profit margin even during the pandemic due to the management's cost control initiatives,” the agency said in a press release.
At the same time, Moody's affirmed the company's B3 corporate family rating, B3-PD probability of default rating and the B3 ratings of the senior secured first-lien term loan and revolver.
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