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Moody's: CEVA view stable
Moody's Investors Service said it changed the outlook on CEVA Group plc to stable from negative.
The change was prompted by improving market conditions in the broader logistics industry, the company's recent EBITDA growth and strengthened liquidity through the signing of an ABL agreement, Moody's said.
The change reflects the expectation that improved market conditions will result in key credit metrics reducing over the medium term, CEVA's adequate liquidity position and its growing business, Moody's said.
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