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Moody's hikes Carriage Services to SGL-2.

BANKING AND CREDIT NEWS-11 August 2010-Moody's hikes Carriage Services to SGL-2(C)1994-2010 M2 COMMUNICATIONS http://www.m2.com

11 August 2010 - Moody's lifted the speculative grade liquidity rating on US death care services provider Carriage Services Inc (NYSE:CSV) to SGL-2 citing expectations for sound liquidity characteristics in the short run.

The rating was upgraded from from SGL-3.

"The SGL-2 rating indicates Moody's view that the company's liquidity profile should remain good over the near-term given expectations of orderly access to its long-term revolving credit facility, adequate cushion under its financial covenants, and the absence of volatility in cash flows," Moody's said.

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Publication:M2 Banking & Credit News (BCN)
Date:Aug 11, 2010
Words:114
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