Toronto, March 25, 2015 -- Moody's Investors Service affirmed all ratings of CHC Group Ltd ("CHC") and its subsidiary, CHC Helicopter S.A. ("CHC S.A."). The ratings consist of CHC's B2 Corporate Family Rating (CFR), B2-PD Probability of Default Rating (PDR), and SGL-3 Speculative Grade Liquidity rating (SGL) and CHC S.A.'s B1 senior secured and Caa1 senior unsecured ratings. The rating outlooks for CHC and CHC S.A. have been changed to negative from positive.
RATINGS RATIONALE
"We changed CHC's outlook to negative as we expect the company's cash flows will deteriorate over the next year as a result of weak oil prices", said Darren Kirk, Moody's Vice President and Senior Credit Officer.
