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10.11.2014 08:01:00
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Emeco Pty Limited -- Moody's downgrades Emeco to B2; outlook stable
Sydney, November 10, 2014 -- Moody's Investors Service has downgraded the corporate family rating (CFR) of Emeco Holdings Limited (Emeco) to B2 from B1. At the same time, Moody's has downgraded to B2 from Ba3 the rating on the USD335 million senior secured notes due 2019 issued by Emeco Pty Ltd, and to Ba2 from Ba1 the rating on the AUD50 million three-year senior secured revolving credit facility.
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