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Analysis

Moody’s downgrades American Seafoods as American Pride sale barely makes impression on debt

Downgrade is largely the result of the company under-performing relative to Moody's expectations, as already high leverage remains under pressure despite healthy fishing conditions

By Undercurrent News | April 1, 2014 18:17 BST
Sources: Private equity Bregal eyes possible American Seafoods, Icicle tie-up
American Seafoods Group vessels in port in Seattle.
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Moody's Investors Service further downgraded American Seafoods on March 31, as a report from the ratings agency revealed the sale of American Pride Seafoods barely made an impression on its debt [...]

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