Moody’s changes Digital Room view to negative

Moody’s Investors Service said it changed the outlook for Digital Room Holdings Inc. to negative from under review. The agency also confirmed the company’s B3 ratings and the B2 rating on its senior secured first-lien credit facilities. Moody’s also confirmed the Caa2 rating on the second-lien term loan.

Moody’s said it revised the outlook to negative because the agency expects a meaningful near-term weakness in demand from Digital Room’s customer base that is expected to weigh a great deal on the company's operating performance trends and financial flexibility in 2020.

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