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Moody's changes Akumin view to negative
Moody's Investors Service said it affirmed Akumin Inc.'s B3 corporate family rating, B3-PD probability of default rating and B2 senior secured ratings.
The speculative grade liquidity rating remains unchanged at SGL-3.
At the same time, Moody's said it changed the outlook to negative from stable.
“The change in outlook to negative reflects the continued delay in Akumin's Q2 2021 filings, which increases risks in Moody's assessment of liquidity and governance. The action follows a reduction in the amount available to draw under the company's revolving credit facility to $10 million from $55 million, announced on Sept. 13,” Moody’s said in a news release.
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