Moody’s revises AVSC Holding to negative

Moody's Investors Service said it revised AVSC Holding Corp.'s (doing business as PSAV) outlook to negative from stable.

The change was prompted by increased leverage that will result from the company's planned use of incremental debt from an add-on term loan to fund a distribution to the company's owners.

Concurrently, Moody's affirmed the company's B2 corporate family rating, B2-PD probability of default rating, B1 first-lien credit facilities rating and Caa1 second-lien term loan rating.

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