Moody's downgrades Vi-Jon

Moody's Investors Service said it downgraded the long-term debt ratings of Vi-Jon, Inc., including the corporate family rating to B2 from B1 and the probability of default rating to B3 from B2.

The outlook is stable.

Moody's said the downgrade reflects the deterioration in its credit metrics, as lower profitability has lead to weak cash flow generation, increased leverage and a weaker liquidity profile.

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