Moody's shifts K-Mac outlook to negative

Moody's Investors Service said it changed the outlook for K-Mac Holdings Corp. to negative from stable.

“The negative outlook reflects the mandated closure of in-store dining units across the restaurant industry due to efforts to contain the spread of the coronavirus,” said Moody's analyst Peggy Holloway, in a press release.

The agency K-Mac’s rating at B3, its probability of default rating at B3-PD, its first-lien senior secured bank facilities rating at B2 and second-lien bank term loan at Caa2.

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