Moody’s shifts Limacorporate view to negative

Moody’s Investors Service said it changed the outlook for Limacorporate SpA to negative from stable.

The outlook change mirrors the company’s weaker-than-expected EBITDA and free cash flow since the company sold floating-rate notes in 2017, Moody’s said.

The agency affirmed the company’s B2 corporate family rating and B2-PD probability of default rating. Moody’s also affirmed the ratings on the €275 million senior secured floating-rates notes due 2023 at B2 and the €60 million senior secured revolver due 2023 at Ba2.

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