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Moody's lowers Vyaire view to negative
Moody's Investors Service said it affirmed the ratings of Vyaire Medical, Inc., including the B3 corporate family rating and B3-PD probability of default rating.
Moody's also said it changed the outlook to negative from stable.
The negative outlook reflects considerable headwinds to growth stemming from the recent contract loss with General Electric, Moody's said.
The agency said it believes Vyaire may be able to at least partially mitigate the loss.
There is a new management team in place and the strategy for mitigating the loss is not yet clear, Moody's said.
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