New York, May 06, 2013 -- Moody's Investors Service said that Colt Defense LLC ("Colt Defense")'s April 2013 amendment to its commercial rifle memorandum of understanding ("MOU") with Colt's Manufacturing Company, Inc. to jointly coordinate the marketing and sales of rifles into the commercial market as a moderate credit positive for Colt Defense. Colt Defense's ratings remain unchanged including its Caa1 Corporate Family Rating and negative outlook. Please see our issuer comment on www.moodys.com for more information.
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