Moody’s changes Filtration to stable

Moody's Investors Service said it affirmed Filtration Group Corp.’s B2 corporate family rating, B2-PD probability of default rating, B2 senior secured first-lien revolving credit facility rating, B2 senior secured first-lien term loan rating and B2 senior secured delayed-draw term loan rating.

The outlook was changed to stable from negative.

Moody’s said the stable outlook reflects its expectations for organic growth to remain strong through 2018 and, barring a return in significant acquisition activity, credit metrics to continue improving as revenue and cost synergies drive earnings growth.

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