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Moody’s revises Private Export to stable
Moody's Investors Service said it affirmed the Aaa backed senior secured long-term and Prime-1 short-term ratings of Private Export Funding Corp.
The outlook was changed to stable from negative.
The affirmation reflects Private Export’s relationship with the Export-Import Bank of the United States (Ex-Im Bank), as well as its strong balance sheet and solid liquidity.
The stable outlook reflects the reauthorization of Ex-Im Bank's charter through 2019, which allows Private Export to resume its lending activity and reduces the risk that it will change its strategic direction, Moody’s said.
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