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Moody’s affirms Deerfield Dakota
Moody's Investors Service said it affirmed the B3 corporate family rating of Deerfield Dakota Holding, LLC, a holding corporation that wholly owns Duff & Phelps Corp.
Moody's also affirmed Deerfield Dakota's B3 senior secured first-lien bank credit facility and its $150 million revolving credit facility.
The outlook remains stable.
“Deerfield Dakota's B3 ratings reflect Duff & Phelps' well-established franchise as a provider of a broad range of financial advisory and valuation services to a diversified client base, but also its high levels of debt and weak debt service capacity,” the agency said in a news release.
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