Moody's affirms ESCO

Moody's Investors Service said it affirmed ESCO Corp.'s ratings, including the B1 corporate family rating, B2 senior unsecured note rating, and SGL-2 speculative-grade liquidity rating.

The outlook has been revised to negative from stable, the agency said.

Moody's noted that the affirmation reflects the company's performance to date and relatively healthy liquidity profile.

Although Moody's said it anticipates a period of weakness in the primary construction and mining end markets, ESCO's position as a leading provider of consumable wear parts should ensure ongoing demand during a downturn.

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