Moody’s lifts Digital Room

Moody's Investors Service said it upgraded Digital Room Holdings, Inc.'s corporate family rating to B2 from B3 and probability of default rating to B2-PD from B3-PD.

Moody's also upgraded the ratings on the company's first-lien credit facilities to B1 from B2 as well as the ratings on the second-lien term loan to Caa1 from Caa2.

The outlook is stable.

“The rating upgrades were driven by DRI's solid financial performance over the past several quarters which are expected to be sustained over the coming year as the company continues to capitalize on the ongoing secular expansion of the online short run print market,” the agency said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.