Moody's: Earthbound view to stable

Moody's Investors Service said it changed the outlook for Earthbound Holding III, LLC to stable from negative.

Concurrently, Moody's affirmed the corporate family and probability of default ratings for the company at B3 and B3-PD, respectively.

Moody's said the change in outlook largely reflects the company's improving operating results and liquidity position since the negative outlook was assigned in January 2013.

"Stabilization of the outlook largely stems from a stronger liquidity profile and operational improvements, and while we expect healthy demand for Earthbound's organic product offerings to continue to improve margins and free cash flow generation, the company will likely remain highly levered during the next 12 months," Moody's analyst Brian Silver said in a news release.

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