Moody’s revises FinCo I view to negative

Moody’s Investors Service said it revised the outlook for FinCo I LLC (Fortress) to negative from stable.

“The negative outlook primarily reflects Fortress's high leverage and the muted outlook for EBITDA growth in the current economic environment. Moody's expects Fortress to take steps to significantly reduce leverage over the next 12 to 18 months or the company could be downgraded,” Moody’s said in a press release.

The agency affirmed the Baa3 issuer and senior secured bank credit facility ratings.

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