Moody's may upgrade Interpool

Moody's Investors Service said it placed the ratings of Interpool Inc. under review for possible upgrade, citing the company's improved liquidity, measures it has taken to strengthen internal control processes, and its progress in filing delinquent financial statements with the Securities and Exchange Commission.

Noting the pace at which Interpool's credit profile has improved, Moody's indicated that its review could result in a several-notch increase in Interpool's ratings in the near term, with the possibility that a subsequent ratings review could result in a further upgrade - pending the company achieving several milestones.

Ratings under review for possible upgrade include Interpool Inc.'s senior implied rating at Caa2; 7.2% senior unsecured notes due 2007 at Caa3; 7.35% senior unsecured notes due 2007 at Caa3; and Interpool Capital Trust's guaranteed preferred stock at Ca.

© 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.