Moody’s changes Caliber view

Moody's Investors Service said it changed Wand NewCo 3, Inc.'s (Caliber) outlook to stable from negative.

At the same time, Moody's affirmed Caliber's ratings, including the B3 corporate family rating.

“The change in outlook to stable reflects governance considerations particularly Caliber's timely extension and upsize of its revolving credit facility,” the agency said in a news release.

“The change in outlook also reflects Moody's expectation for continued improvement in operating performance in 2023 that will support a strengthening in credit metrics.”

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