Moody’s shifts Fort Dearborn Holding view to negative

Moody's Investors Service said it changed the outlook for Fort Dearborn Holding Co., Inc. to negative from stable.

“The revision of outlook to negative reflects weaker than expected earnings growth and consistent negative free cash flow which resulted in elevated leverage metrics and increasing refinancing risk,” said Moody’s in a news release.

The agency affirmed the company’s B3 corporate family rating, B3-PD probability of default rating, and affirmed the instrument ratings for bank loans.

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