New York, May 18, 2015 -- Moody's Investors Service (Moody's) affirmed PFS Holding Corporation's (PFS) B3 Corporate Family Rating (CFR) and B3-PD Probability of Default Rating and revised the company's outlook to negative from stable. The negative outlook reflects Moody's concerns about the company's inability to quickly restore sales and earnings after it encountered major problems integrating an acquired facility into its Easton, Pennsylvania facility. Moody's believes the continued weaker performance is indicative of the negative business impact from integration issues and general execution issues.

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