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Moody's changes Solera view to negative
Moody's Investors Service said it changed Solera, LLC's outlook to negative from stable, reflecting the expected disruption caused by the Covid-19 pandemic to miles driven, claim volumes and other business drivers, as well as the company's diminished liquidity position.
Moody's affirmed Solera's B2 corporate family rating and B2-PD probability of default rating. Also, the agency affirmed the Ba3 and Caa1 ratings on Solera's senior secured first-lien credit facilities and senior unsecured notes, respectively.
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