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All rights reserved.ĬREDIT RATINGS ISSUED BY MOODY'S INVESTORS SERVICE, INC. and/or their licensors and affiliates (collectively, "MOODY'S"). © 2020 Moody's Corporation, Moody's Investors Service, Inc., Moody's Analytics, Inc. 250 Greenwich Street New York, NY 10007 U.S.A. JOURNALISTS: 1 2 Client Service: 1 2 Dean Diaz Associate Managing Director Corporate Finance Group JOURNALISTS: 1 2 Client Service: 1 2 Releasing Office: Moody's Investors Service, Inc. Scott Manduca Vice President - Senior Analyst Corporate Finance Group Moody's Investors Service, Inc.
For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on for the most updated credit rating action information and rating history. This publication does not announce a credit rating action. Non EU rated and non EU endorsed ratings may be referenced above to the extent necessary, if they are part of the same analytical unit. This announcement applies only to EU rated and EU endorsed ratings. Over the next 12-18 months, Brightview is expected to maintain a disciplined financial policy due to no significant near term maturities and by keeping leverage in check through funding internal investments and tuck-in acquisitions with cash flow. While its EBITA margin is low, the company's credit profile is supported by high levels of recurring revenues, a diversified customer base and good liquidity profile. Key rating considerations are summarized below.īrightView Landscapes, LLC's ("BrightView") B1 Corporate Family Rating takes into consideration the company's solid market position as the leading service provider of commercial landscaping and snow removal services in the US. Credit ratings and outlook/review status cannot be changed in a portfolio review and hence are not impacted by this announcement. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion. The review did not involve a rating committee. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. New York, Septem- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of BrightView Landscapes, LLC and other ratings that are associated with the same analytical unit. Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of BrightView Landscapes, LLC
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