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22.01.2014 20:50:00
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Ceridian Corp. -- Moody's says Ceridian's (Comdata) Truckstop Litigation Preliminary Settlement is Credit Negative
New York, January 22, 2014 -- Moody's Investors Service said Ceridian Corp.'s B3 Corporate Family Rating is not affected by the announced a memorandum of understanding ("MoU") to settle litigation brought by truck fueling stations against Ceridian's Comdata Inc subsidiary and others, though this is credit negative as we expect Ceridian to fund its portion of the settlement with revolver drawings.
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