Moody’s changes DIA view to stable

Moody's Investors Service said it changed the outlook on Distribuidora Internacional de Alimentacion SA’s (DIA) Baa3 long-term issuer rating to stable from positive and affirmed this rating, as well as the provisional Baa3 medium-term note program rating and Baa3 instrument ratings.

"Our decision to change DIA's outlook to stable reflects our view that its Moody's-adjusted debt/EBITDA is unlikely to fall sustainably below the 3x threshold commensurate with a higher rating," Moody’s vice president, senior analyst Vincent Gusdorf said in a news release.

"However, DIA remains strongly positioned within the Baa3 category, as shown by its good recent performances."

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.