Moody's eyes Digital Room for trim

Moody's Investors Service said it placed Digital Room Holdings, Inc.'s ratings under review for downgrade, including the company's B3 corporate family rating, B3-PD probability of default rating, the B2 rating on DRI's senior secured first-lien credit facility and the Caa2 rating on the company's second-lien term loan.

“The review was prompted by Moody's expectation of a meaningful near-term contraction in demand from DRI's customer base related to the coronavirus outbreak that is anticipated to considerably weigh on the company's operating performance trends and financial flexibility in 2020,” the agency said in a press release.

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