Moody's: Armor outlook stable

Moody's Investors Service said it confirmed all ratings of Armor Holdings, Inc. and changed the outlook to stable. This concludes the review for upgrade, which began on May 8 and follows the completion of the acquisition of Armor Holdings by BAE Systems plc.

The agency confirmed the corporate family and probability-of-default ratings at Ba3 and its senior subordinated convertible bond/debenture at B1.

With its sale to BAE, Armor received tenders and consents from all the holders of its 8¼% senior subordinated notes due 2013.

© 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.