Trac Intermodal’s outlook at Moody’s now negative, but debt rating affirmed

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Stonepeak Taurus Lower Holdings, better known by its business name of Trac Intermodal, now has a negative outlook from a key ratings agency even as the chassis provider’s corporate debt rating was affirmed.

Moody’s on Monday reduced the outlook on Trac to negative, but its B2 corporate family rating was held steady. The rating had been Stable. 

A B2 rating is five notches below the cutoff between investment-grade and non-investment-grade debt. Moody’s describes a B2 rating as “subject to high...

https://www.freightwaves.com/news/trac-intermodals-outlook-at-moodys-now-negative-but-debt-rating-affirmed

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