PMHC II, Inc, -- Moody's upgrades PMHC II's CFR to B3 and assigns B3 rating to proposed first lien credit facilities; outlook stable

Yahoo! Finance Jan 20, 2022 04:11 PM ET

Rating Action: Moody's upgrades PMHC II's CFR to B3 and assigns B3 rating to proposed first lien credit facilities; outlook stableGlobal Credit Research - 20 Jan 2022New York, January 20, 2022 -- Moody's Investors Service ("Moody's") has upgraded PMHC II, Inc.'s (dba Prince International Corporation) Corporate Family Rating (CFR) to B3 from Caa1 and its Probability of Default Rating (PDR) to B3-PD from Caa1-PD. Moody's also upgraded the existing $85 million senior secured revolving credit facil...