Moody’s stabilizes Motor Fuel view

Moody’s Investors Service said it changed its outlook for CD&R Firefly 4 Ltd. (Motor Fuel Group) to stable from negative and affirmed its B2 ratings. The agency also affirmed the ratings on the debt issued by CD&R Firefly Bidco Ltd. and Motor Fuel Ltd.

“The stable outlook reflects Moody's expectations of leverage remaining around 6x over the next 12-18 months as well as the absence of re-leveraging transactions such as dividend recapitalizations or even risk associated with a potential transfer of ownership,” the agency said in a press release.

© 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.