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10.05.2013 18:53:00
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Intcomex, Inc -- Moody's downgrades Intcomex's CFR to Caa1; outlook negative
New York, May 10, 2013 -- Moody's Investors Service downgraded Intcomex, Inc.'s (Intcomex) Corporate Family Rating (CFR) to Caa1 from B3, Probability of Default rating to Caa1-PD from B3-PD, and the rating for its senior notes to Caa1 from B3. The ratings outlook is changed to negative from stable. Moody's also lowered Intcomex's speculative grade liquidity rating to SGL-4 from SGL-3. The ratings action reflects Intcomex's weak liquidity and financial performance and Moody's view that the company's debt levels may be unsustainable over the long term.
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