Moody’s shifts Red Ventures view to stable

Moody’s Investors Service said it revised the outlook for Red Ventures LLC to stable from positive.

“The revision of the rating outlook to stable reflects Moody’s expectation that the economic recession arising from the novel coronavirus (a.k.a. Covid-19) pandemic will slow Red Ventures’ revenue growth and delay deleveraging in 2020,” Moody’s said in a press release.

The agency also affirmed the B1 ratings on the company and its senior secured first-lien bank credit facilities.

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