Odyssey Logistics hit with a 2nd Moody’s ratings downgrade since September

Odyssey Logistics has had its debt rating cut by Moody’s for the second time in less than three months, a rapid deterioration that is far quicker than normal movements by a ratings agency. Moody’s (NYSE: MCO) said Monday it was reducing its corporate family rating on Odyssey to Caa-1 from B3. The B3 rating had only been in effect since September.  Two other ratings–the probability of default and the senior secured first lien bank credit facility–also went to Caa1 from B3. A rating of Caa1 is deep into s ...