Moody's may cut Human Touch

Moody's Investors Service said it placed the debt ratings of Human Touch LLC on review for possible downgrade and lowered its speculative-grade liquidity rating to SGL-4 from SGL-3.

The agency said that the company's LGD assessment is also subject to change.

Ratings placed on review for possible downgrade include the company's corporate family rating at Caa1, probability of default rating at Caa1 and senior unsecured notes at Caa2.

The downgrade of Human Touch's speculative-grade liquidity rating reflects Moody's expectation that Human Touch will experience continued weak earnings and cash flow as a result of soft consumer discretionary spending.

© 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.