Moody's lifts DTN

Moody's Investors Service said it upgraded the corporate family rating of DTN, Inc. to B1 from B2, the rating on its senior secured bank facility to B1 from B2, and its probability of default rating to B2 from B3.

The upgrade reflects the company's strengthening credit profile, supported by management's longer track record of improved performance and commitment to debt repayment, the agency said.

Performance over the past several years illustrates the stability of the company's subscription based business, and Moody's said it anticipates continued modest organic growth and maintenance of EBITDA margins in the mid 30% range.

Moody's noted that it also changed the outlook to stable from positive.

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