The credit outlook for truck parts retailer FleetPride has been reduced by Moody’s Investors Service.
The ratings agency retained Moody’s (NYSE: MCO) corporate family rating of B3. S&P Global Ratings (NYSE: SPGI) has a rating of B- on FleetPride debt, which is considered equivalent to a Moody’s B3 rating. But the S&P outlook on FleetPride is stable, whereas the company’s new outlook at Moody’s is Negative.
Those ratings were affirmed by the ratings agencies approximately a year ago. They are six...