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Forterra Announces Rating Upgrade by Moody’s

IRVING, Texas, Sept. 30, 2020 (GLOBE NEWSWIRE) -- Forterra, Inc. (“Forterra” or “the Company”) (NASDAQ: FRTA), a leading manufacturer of water and drainage infrastructure pipe and products in the United States and Eastern Canada, today announced that on September 29, 2020, Moody’s Investors Service (“Moody’s”) upgraded Forterra Finance, LLC (a subsidiary of Forterra)’s Corporate Family Rating (“CFR”) to B1 from B3, Probability of Default Rating (“PDR”) to B1-PD from B3-PD and senior secured ratings to B2 from B3. Moody’s also upgraded the Speculative Grade Liquidity Rating to SGL-2 from SGL-3. The outlook remains stable. Read More

from Financial Post https://ift.tt/30m75AR
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