Some positive highlights from Moodys So much for those thinking that this might be going to zero....even the downgrade PR was still positive in my opinion. So many investors thinking the absolute worst when there is plenty of time and money to avoid that scenario.
" liquidity remains good and the company has several years until it needs to address refinancing its debt.
The SGL-2 signifies our expectation for good liquidity over the next 12-18 months. The proceeds of the offering, together with operating cash flow, will provide sufficient liquidity to pay all acquisition related contingent payments and debt maturities over the next 12-18 months. Moody's anticipates there will also be sufficient liquidity to pursue modest size acquisitions that could be accretive to EBITDA."
"The B3 is also supported by the company's good product and geographic diversity, as well as the expectation of good liquidity."