Moody’s changes Pefco view to negative

Moody’s Investors Service said it revised its outlook for the Private Export Funding Corp. to negative from stable and affirmed its Aaa ratings.

The change in outlook reflects the agency’s change in outlook on the U.S. government to negative from stable on Friday, Moody’s said.

Moody’s explained its ratings and outlook for Pefco assume government support as reflected in the guarantee on the coupons on the secured notes program and timely payment of principal and interest on the underlying collateral. The company works closely with the Export-Import Bank of the United States.

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