Moody's changes Agile view to stable

Moody's Investors Service said it changed Agile Group Holdings Ltd.’s outlook to stable from negative.

At the same time, Moody's affirmed Agile's Ba2 corporate family rating and Ba3 senior unsecured rating on its notes.

“The outlook revision to stable from negative reflects our expectation that Agile's revenue growth and controlled debt increase will help to further improve its key financial metrics over the next 12-18 months,” said Kaven Tsang, a Moody's senior vice president, in a news release.

“The rating affirmation also reflects our view that Agile will maintain financial discipline and good liquidity while pursuing business growth over the next 1-2 years.”

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