Moody’s downgrades EnTrans

Moody's Investors Service said it downgraded its ratings for EnTrans International, LLC including the company's corporate family rating to B3 from B2 and first-lien term loan facility ratings to Caa1 from B3.

The outlook continues to be negative.

“The downgrades reflect deteriorating business conditions which will impact EnTrans' profitability and key credit metrics near term, with the prospect of improvement unclear until potentially 2021,” the agency said in a news release.

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