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Moody's changes view Aretec to negative
Moody's Investors Service said it changed the outlook for Aretec Group Inc. to negative from stable.
Moody's said Aretec's negative outlook reflects a challenging macroeconomic environment which will weigh on the firm's revenue in the form of lower asset-based and advisory fees. The negative outlook also mirrors the elevated debt level and the increasing probability of deterioration in debt servicing capacity now that interest rates and market levels have fallen.
The agency affirmed Aretec's B3 corporate family rating, its B2 first-lien senior secured term loan and revolving credit facility ratings and its Caa2 second-lien senior secured term loan rating.
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