New York, December 23, 2013 -- Moody's Investors Service downgraded NexTag Inc.'s ("NexTag") corporate family rating (CFR) to Caa2 from Caa1, its probability of default rating to Caa2-PD from Caa1-PD, and the rating for its senior secured credit facilities to Caa2, from Caa1. The outlook for ratings remains negative. The ratings action reflects Moody's view that despite amendment to the terms of NexTag's credit agreement the company's probability of default remains elevated and its operations will consume cash in the near term eroding potential recovery for lenders.

Vollständigen Artikel bei Moodys lesen