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14.04.2016 17:48:00
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North American Lifting Holdings, Inc. -- Moody's downgrades North American Lifting Holdings, Inc. to Caa1; rating outlook remains negative
New York, April 14, 2016 -- Moody's Investors Service downgraded North American Lifting Holdings, Inc.'s (operating as 'TNT Crane & Rigging') corporate family rating ("CFR") to Caa1 from B3 and its probability of default to Caa1-PD from B3-PD. The downgrade reflects weaker than anticipated operating performance, deterioration in key credit metrics, reduced liquidity, and exposure to oil & gas end markets. The rating outlook remains negative.
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