Moody's ups AmeriQual outlook to stable

Moody's Investors Service said it has changed the outlook of AmeriQual Group, LLC to stable from negative and affirmed the corporate family and probability of default ratings of B3, and the speculative-grade liquidity rating of SGL-3.

The agency said that the outlook change to stable from negative reflects improved revenues in the first half of 2008 from a slightly higher Meal-Ready-to-Eat unit price and an expectation of flat 2008 MRE order level combined with higher non-MRE military orders.

The company's ability to control its costs and working capital uses should enable free cash flow generation in 2008 and credit metrics largely reflective of the B3 rating category, Moody's noted.

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