Moody’s shifts Aretec view to stable

Moody’s Investors Service said it changed Aretec Group, Inc.’s outlook to stable from negative.

“The change in Aretec’s outlook to stable from negative reflects Moody’s expectation that the firm’s attentive and granular management of its cash flows in 2020 will help it in accelerating its recovery from the challenges of the coronavirus pandemic. The change in outlook also reflects Aretec’s stabilizing financial advisor base and client assets levels and the firm’s improving liquidity position, which was the result of management’s swift focus on cost-cutting and improving efficiencies,” the agency said in a press release.

Concurrently, Moody’s affirmed Aretec’s first-lien debt at B2, second-lien term loan at Caa2 and corporate family rating at B3.

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