Hertz outlook now negative, was stable - Moody's

Newswire

NEW YORK, June 28 (Reuters) - Moody's Investors Service on Wednesday revised Hertz Corp.'s outlook to negative from stable, citing an arrangement for a debt financing to pay a dividend to stockholders. "The negative outlook recognizes a potentially more aggressive financial strategy that is reflected in the willingness of Hertz's owners to seek up to a $1 billion distribution only six months after completing the buyout of Hertz," Moody's said in a statement. A negative outlook indicates ...

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