Moody’s ups Synamedia outlook to stable

Moody’s Investors Service said it revised its outlook for Synamedia (Triton UK Midco Ltd.) to stable from negative. The agency also affirmed its Caa1 ratings following the refinancing of the $305 million senior secured first-lien term loan due Oct. 29, 2024 ($226 million outstanding as of end of September 2023) issued by Synamedia Americas Holdings, Inc.

The improved outlook reflects Synamedia’s improved liquidity and refinancing risk, the agency said.

All Synamedia’s new facilities are unrated. Moody’s said it withdrew all ratings and the outlook for business reasons.

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