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Moody’s changes Advanced Integration view
Moody's Investors Service said it affirmed the ratings for Advanced Integration Technology LP, including the B1 corporate family rating and the B2-PD probability of default rating.
The agency also affirmed the B1 ratings on the company's senior secured revolver and senior secured term loan.
The outlook was changed to negative from stable.
Moody’s said the negative outlook reflects a level of earnings and cash generation that has significantly trailed expectations.
The outlook also considers the company’s weak liquidity and an earnings profile that continues to be more volatile than previously contemplated, the agency said.
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