Moody’s changes ATI Holdings view to negative

Moody's Investors Service said it changed ATI Holdings Acquisition, Inc.'s outlook to negative from stable and affirmed its B2 corporate family rating and B2-PD probability of default rating.

Moody's also affirmed the B1 rating on the first-lien credit facilities.

The change of outlook reflects minimal headroom within the company's B2 corporate family rating due to increased leverage, primarily because of the back office challenges the company faced in the last two years, the agency said.

The affirmation reflects a view that ATI Holdings' restructuring efforts in 2018 will likely bring down the leverage below 6.5 times, consistent with the B2 rating, Moody’s said.

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