TEXT-Moody's affirms Veyance Tech, outlook to negative

Newswire

(The following statement was released by the ratings agency) Sept 26 - Moody's Investors Service affirmed the following ratings of Veyance Technologies, Inc ("Veyance") -- corporate family rating at B2, probability of default at B2, 1st lien sr. secured bank credit facility at B1; and, 2nd lien sr. secured term loan at Caa1. In a related action Moody's changed the company's outlook to negative from stable. The change in outlook to negative results from the continued economic pressures ...

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