Moody's changes Emeco view to positive

Moody's Investors Service said it affirmed Emeco Holdings Ltd.’s B1 corporate family rating and changed the outlook to positive from stable

“The positive outlook and rating affirmation reflects Emeco's conservative financial profile, which provides the company with a good buffer to manage a potential mining downturn,” Moody’s said in a press release.

The agency’s base case assumes gross debt/EBITDA will remain in the low 1x range over the next 12-18 months.

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