Moody's: Windsor view stable

Moody's Investors Service said it affirmed the ratings of Windsor Quality Food Co., Ltd., including its B1 corporate family rating following the successful amendment to its $470 million senior secured credit agreement.

The outlook was revised to stable from positive.

Moody's said the revision reflects that recent amendments under its credit agreement should give the company ample cushion under financial covenants; however, the potential for near-term earnings volatility makes an upgrade within the next 12 months unlikely.

© 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.