08.05.2015 20:35:00

Sierra Hamilton LLC -- Moody's downgrades Sierra Hamilton's CFR to Caa1; outlook negative

New York, May 08, 2015 -- Moody's Investors Service ("Moody's") downgraded Sierra Hamilton, LLC's ("Sierra Hamilton") Corporate Family Rating to Caa1 from B3 and its Probability of Default Rating to Caa1-PD from B3-PD. At the same time, Moody's downgraded the $110 million senior secured notes to Caa1 from B3 and the Speculative Grade Liquidity Rating to SGL-3 from SGL-2. The outlook was revised to negative from stable.

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