Moody's Withdraws American Seafoods Ratings Following Debt Repayment
Last week Moody’s Investors Service announced they were withdrawing all ratings for American Seafoods Group LLC because the debt has been repaid.
Approximately $550 million of rated outstanding debt has been withdrawn, Moody’s said, including a B2-PD rating on probability of default, B2 on corporate family rating, and B2 on Senior Secured 1st Lein Term Loan B.
At the time of withdrawal, Moody’s said the outlook for the financial health of the company was stable.
Seattle-based American Seafoods Group LLC, along with its affiliates and subsidiaries, is the largest ...
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