15.01.2014 16:36:00
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Harbinger Group, Inc. -- Moody's rates Harbinger Group's unsecured notes Caa2 and upgrades secured notes to B2; outlook revised to negative
New York, January 15, 2014 -- Moody's Investors Service rated Harbinger Group Inc. ("Harbinger Group") $200 million senior unsecured notes Caa2, while at the same time affirming its B2 Corporate Family Rating and its B2-PD Probability of Default rating. The rating on the $925 million senior secured notes was upgraded to B2 from B3. The outlook is revised to negative from stable due to modest operating performance, increased debt, and weakening credit metrics.