Moody's puts CGCS debt ratings on negative review
Moody's has placed the ‘B3’ corporate family rating and ‘B3-PD’ probability of default rating of Cooper Gay Swett & Crawford on review for downgrade given deterioration in the group’s Ebitda, financial leverage and interest coverage metrics.
Moody's also placed the ‘B2' rating on CGSC's revolving credit facility and first-lien term loan and ‘CAA2' rating on its second-lien term loan on review for downgrade.
The review will focus on the
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