Moody's: Trilogy view stable

Moody's Investors Service said it affirmed Trilogy International Partners LLC's B3 corporate family rating and changed the outlook to stable from negative.

Moody's said the outlook change to stable reflects positive revenue and EBITDA growth, the corresponding decrease in leverage levels and the New Zealand credit facility (not rated) that was recently entered into by the company's subsidiary.

The new 150 million New Zealand dollar credit facility is expected to be used to repay the Huawei vendor financing starting in the third quarter of 2013 and provide funds for capex spending in New Zealand.

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