Moody’s shifts AVI-SPL view to negative

Moody’s Investors Service said it changed A&V Holdings Midco, LLC’s (AVI-SPL) outlook to negative from stable and affirmed its ratings, including its corporate family rating and its probability of default rating at B2 and B2-PD, respectively and the company’s B2 senior secured first-lien credit facility rating.

“The change in AVI’s outlook to negative is driven by Moody’s revised expectation for the company’s future growth prospects and cash flow generation amidst the coronavirus pandemic,” Moody’s said in a press release.

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