| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers G > Headlines for Gogo Inc. > News item |
Moody's upgrades Gogo
Moody's Investors Service said it upgraded Gogo Inc.'s corporate family rating to B2 from B3, its probability of default rating to B2-PD from B3-PD and the rating on Gogo Intermediate Holdings LLC's senior secured facilities to B2 from B3 and the speculative grade liquidity rating to SGL-2 from SGL-3.
“Gogo's upgrade reflects the company's better than expected performance in 2021 and the resulting improvement in financial metrics, in particular Moody's adjusted Debt to EBITDA which is expected to decrease to around 5x by the end of 2022,” Moody’s said in a press release.
The outlook is stable.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.