Colt Defense LLC -- Moody's says that Colt Defense's delayed financial statement filing is credit negative

New York, August 15, 2014 -- Moody's Investors Service said that Colt Defense LLC ("Colt")'s pending restatement of its 2013 audit and delay in filing its second-quarter 2014 financial statements is a credit-negative event but does not currently impact the company's ratings including its Caa1 corporate family rating, Caa2 senior unsecured notes rating or its SGL-3 speculative grade liquidity rating. If Colt is unable to file its financial statements by the September 13, 2014 extension date or reported operating performance is weaker than expected, the company's ratings and/or outlook could come under pressure.

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